IWATA, April 3, 2025 -- Yamaha Motor Co., Ltd. (Tokyo: 7272) announces that its subsidiary, Yamaha Motor Australia Pty Ltd., has signed a purchase agreement with subsidiaries of BRP Inc., headquartered in Canada, to acquire all shares of Telwater Pty Ltd. (Telwater), an Australian aluminum boat manufacturer it owns. This acquisition is premised on obtaining the clearances, permits, etc., required by competition laws and other regulations.
Telwater is one of Australia's oldest boat manufacturers and one of the major producers and seller of boats in the southern hemisphere. Telwater is a leader in Australia's aluminum boat market with well-known brands such as Quintrex, Stacer, and Savage, catering to a wide range of customer needs. With decades of experience and advanced manufacturing expertise, Telwater has built a reputation for producing high-quality, durable boats.
The acquisition of Telwater is intended to strengthen the foundations of Yamaha Motor's marine business, and the Company aims to not only expand its sales network in the country but also reinforce the foundations of its outboard motor business.
Yamaha Motor positions the Marine Products business as a core business, and in its new Medium-Term Management Plan announced this February, the Company has made raising the competitiveness of its core businesses part of its basic policy. Going forward, Yamaha Motor will continue to accelerate its growth by making strategic investments, offering attractive products and services, and expanding global sales channels.
At a glance
- Company
- Yamaha Motor Co., Ltd.
- Ticker
- Tokyo: 7272
- Announcement
- Acquisition
- Location
- Iwata
Products and programs
Image of the "Stacer" manufactured by Telwater
Telwater logo
Exterior view of the Telwater plant
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Questions around this news
What is Yamaha Motor acquiring from BRP?
Yamaha Motor Australia has signed an agreement with subsidiaries of BRP to acquire all shares of Telwater Pty Ltd., an Australian aluminum boat manufacturer. The proposed purchase is conditional on receiving clearances, permits, and other approvals required under competition laws and other regulations.
What boats and brands does Telwater make?
Telwater manufactures aluminum boats in Australia and markets them under the Quintrex, Stacer, and Savage brands. The release describes the company as serving a broad range of customer needs and notes its manufacturing experience and reputation for making durable boats.
Why does Yamaha Motor plan to acquire Telwater?
The release says the acquisition is intended to strengthen Yamaha Motor’s marine business foundations, expand its sales network in Australia, and reinforce its outboard motor business. Yamaha Motor also identifies marine products as a core business and says improving the competitiveness of core businesses is part of its management policy.
Why does an acquisition need competition-law clearance?
Competition authorities may review an acquisition to assess whether it could substantially reduce competition, for example by limiting customer choice or making it harder for other businesses to compete. Depending on the applicable rules, a deal may need approval or other clearances before it can be completed.
Earlier from Yamaha Motor Co., Ltd.
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- Yamaha Motor Establishes New U.S. Company for Precision Agriculture - Integrating innovations from Australia and New Zealand startups -
- Yamaha Motor to Launch New YRP10e Entry-Level Solder Paste Printer - Inherits the high speed and precision of the YRP10 premium model while prioritizing ease of use -
- Yamaha Motor to Exhibit at Tokyo Auto Salon 2025 - Exhibiting Formula E cars and small, low-speed EV's built on general-purpose platform -
