In a press release dated January 25th, 2017, Arctic Cat (https://fr.www.arcticcat.com/) announced that the company has been acquired for US$ 247 million by the multinational Textron. With this transaction, Arctic Cat board said that the company would know accelerate growth and more product and vehicle innovation. In the end, Arctic Cat will offer more to customers, dealers and employees.
Textron
Textron Inc. (https://www.textron.com) offers many utility, recreational and specialized vehicles in a wide range of sectors. With Arctic Cat joining the team, the product lineups will be enhanced since they have complementary products. Moreover, this transaction will help Arctic Cat to be a powersport industry leader all while allowing for more aggressive investment in development, marketing and customer service.
Finally, the acquisition of Arctic Cat by Textron does not mean its end at all, but only a revival and an accelerate growth in such a competitive market. I invite you to read the official press release for more details. Link : : https://phx.corporate-ir.net/phoenix.zhtml?c=97941&p=irol-newsArticle&ID=2239522
