Polaris Industries announced another record quarter with sales growth across all its product lines including on-road vehicle sales which consist mainly of Victory Motorcycles and Indian Motorcycles. The Medinia, Minn., company reported $67.6 million in net income for the third quarter ended Sept. 30, 2011, a 43% increase from the $47.2 million reported in the […]
Polaris Acquires French Quadricycle-maker Aixam Mega
Polaris has added another brand to its growing list of acquisitions, buying out Aixam Mega S.A.S., a French manufacturer of light-duty commercial vehicles and quadricycles – small four-wheeled enclosed vehicles that can be driven, in some markets, without an automobile driver’s license.
Aixam Mega joins Polaris’ portfolio which already includes Victory Motorcycles, Indian Motorcycles, electric vehicle makers Global Electric Motorcars and Groupil. Like GEM and Groupil, Axiam Mega produces small vehicles, though its products include both electric and diesel-powered vehicles. The company sells quadricycles under the brand name Axiam, as well as commercial vehicles under the Mega brand. Its vehicles are sold primarily in Europe with sales reaching US$110 million in 2012.
“Aixam Mega is an excellent fit with Polaris and offers a unique opportunity for us to expand our small vehicle platform and accelerate international growth,” says Scott Wine, Polaris Chairman and CEO. “We are committed to positioning Polaris as a global leader in the growing small vehicle market and this investment reaffirms Polaris’ commitment to building a global business capable of delivering long-term, profitable growth. Consistent with our recently announced plan to build a new manufacturing facility in Opole, Poland, the Aixam Mega business acquisition is indicative of our confidence in EMEA to be a contributor to Polaris’ pursuit of productivity, innovation and growth.”
Pictured above is the Axiam City S, a passenger vehicle that resembles a Fiat 500 but is powered by a 400cc parallel-Twin diesel engine claiming just 5.4 hp at 3200 rpm and 10.3 ft-lb. at 2400 rpm. Pictured below is a Mega Tipper, a small transport truck with a storage compartment that lifts up to a 43 degree angle for easy unloading. It is available with either a 599cc engine from Kubota or a 48V AC motor.
“We’re excited about today’s announcement and the opportunity to work with a leading global company like Polaris,” said Philippe Colançon, Aixam Mega business unit President. “Joining Polaris provides us with technology, expertise and resources to make continued investments in our business, while accelerating profitable growth through new customer opportunities. We look forward not only to what we can learn from Polaris, but what we can contribute to Polaris through our expertise and experience.”