Textron Inc. has announced that it has completed the acquisition of Arctic Cat Inc. by means of a short-form merger under Minnesota law. As a result, Arctic Cat has become an indirect wholly owed subsidiary of Textron.
Going forward, Arctic Cat will operate as a subsidiary of Textron Specialized Vehicles Inc. The business, based in Augusta, Ga., design and manufactures vehicles and equipment for a range of uses and industries, including E-Z-GO golf cars and personal transportation vehicles, Cushman commercial utility vehicles, Textron Off Road side-by-sides, Dixie Chopper zero-turn mowers, Jacobsen professional turf-care equipment, and TUG, Douglas, Premier and Safeaero ground support equipment.
"Arctic Cat is an ideal fit with our growing range of off-road recreational vehicles," said Textron president and CEO Scott Donnelly. "The addition of Arctic Cat to our Textron Specialized Vehicles business instantly gives us a deeper product line for customers, greater potential for innovation, and introduces new sales opportunities for our combined worldwide dealer network."