BRP has entered into a definitive agreement to acquire Great Wall Motor Austria, further strengthening its expertise in electric vehicle technology

BRP announced on July 7, 2022 that it has entered into a definitive agreement to acquire Great Wall Motor Austria GmbH, a subsidiary of Great Wall Motor based in Baoding, China. This state-of-the-art electric vehicle research and development center, based in Kottingbrunn, Austria, specializes in electric drive systems and transmissions, and currently employs highly qualified personnel who will benefit from continued employment as part of this agreement.

“We look forward to welcoming the 53 qualified and experienced engineers, technicians and professionals as we continue to consolidate our EV expertise needed to deploy our ambitious strategy. This acquisition will further strengthen our expertise in the development of electric motors, inverter hardware and software,” said Thomas Uhr, Chief Technology Officer at BRP.

The location of this new electric vehicle R&D center near Vienna, Austria is ideal for attracting top talent from nearby universities and research centers.

The transaction is subject to customary closing conditions, including the receipt of Austrian regulatory approvals, and is expected to close by the end of the second quarter of this fiscal year.

Source : BRP

Leave a Comment