/R E P E A T -- BRP to Sell its Telwater Business to Yamaha Motor Australia/

Core Viewpoint - BRP Inc. has entered into a definitive agreement to sell 100% of Telwater Pty, Ltd. to Yamaha Motor Australia Pty Ltd., focusing on enhancing its core Powersports activities by divesting its Marine businesses [1][2][3] Group 1: Transaction Details - The sale includes renowned brands such as Quintrex, Stacer, and Savage under Telwater Pty, Ltd. [3] - The transaction is subject to customary closing conditions, including regulatory approval, and is expected to be completed in the second quarter of BRP's Fiscal 2026 [3] - National Bank Financial Inc. acted as the financial advisor, while Stikeman Elliott LLP served as the legal advisor for BRP in this transaction [4] Group 2: Company Background - BRP Inc. is a global leader in powersports products, with a portfolio that includes Ski-Doo, Lynx, Sea-Doo, Can-Am, Alumacraft, and Rotax brands [6] - The company reported annual sales of CA$7.8 billion and employed approximately 16,500 people as of January 31, 2025 [6]