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Arctic Cat has new business partner

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  • Arctic Cat has new business partner

    Here is a copy/past of the article:

    Arctic Cat and Piaggio Group Form Business Partnership

    Press Release Issued By Arctic Cat Inc. and Piaggio Group (March 6, 2006)

    THIEF RIVER FALLS, Minn., March 6, 2006 - Arctic Cat Inc. (Nasdaq: ACAT), manufacturer of all-terrain vehicles (ATVs) and snowmobiles sold under the Arctic Cat. brand name, and Piaggio Group, one of the world's top manufacturers of two-wheel motor vehicles sold under the Aprilia., Moto Guzzi., Derbi., Piaggio., Vespa. and Gilera. brand names, today announced the execution of a letter of intent designed to expand and strengthen their respective distribution in Europe and North America, and potentially lead to other areas of future collaboration, such as product development and manufacturing.

    Arctic Cat and the Piaggio Group are two leading companies operating in the power sport and light transportation industries, with complementary assets and capabilities. Initially, Arctic Cat and Piaggio will cooperate on product distribution, with both sharing access to their respective dealers in North America and in Europe. Arctic Cat will be able to sell its ATV products through selected Piaggio Group dealers in Europe, and the Piaggio Group will sell its motorcycles and motor scooters through selected Arctic Cat North American dealers.

    "We're excited about the potential of this strategic partnership to extend our international distribution capabilities and open new channels for growth," said Christopher Twomey, chairman and chief executive officer of Arctic Cat. "We anticipate that this agreement will enhance the competitive positions of both companies internationally, providing tangible benefits to our customers, dealers and shareholders."

    "The Piaggio Group is currently pursuing a number of initiatives to further strengthen its global presence, particularly in North America. Within this context, we are very pleased to announce this new partnership with Arctic Cat," said Piaggio Group's CEO Rocco Sabelli.

    Today, the two companies are presenting this new initiative to their respective dealers gathered in Yellowstone, Montana, for Arctic Cat, and Montecarlo, France, for the Piaggio Group.
    Let's Ride Idaho

  • #2
    hmm interesting.....should be even more interesting to see how things turn out


    • #3
      This is trouble?


      • #4
        Originally posted by f7firecat
        This is trouble?

        I don't know about trouble.
        Aprilla, motoguzzy, and vespa make some of the best machines in each of their perspective markets and Aprilla in particular makes some really killer 4 strokes.

        I am wondering if this means that something went south with Cat and Suzuki deal.
        I don't know and haven't heard anything to that nature, but with Cat going to another motorcycle company to partner up, it does bring about the question.
        Last edited by student Driver; 03-09-2006, 02:00 PM.
        Let's Ride Idaho


        • #5
          Cat went out of buisness in the early 80's( 81-83 I think). Maybe there having troubles and this company will help bail then out.
          H20Xing is more twice as badass as the second most badass thing in the world.
          Heaven is a chocolate train with a monkey conductor who farts lollipops!

          Founder of ROTS. POSSE


          • #6
            The manufacturers all take their turns.. BRP seems to be at the top of the food chain now with the REV platform, but it seems to be cyclical... kind of like our winter this year was like those back in the early 70's that almost killed the sport.
            - Riding in honor and in memory of those we love!