Yamaha Motor Australia Pty. Ltd. has announced it has signed a purchase agreement with subsidiaries of BRP Inc., headquartered in Canada, to acquire all the shares of Telwater Pty Ltd (Telwater), an Australian aluminium boat manufacturer. This acquisition is contingent on obtaining the clearances, permits, etc., required by competition laws and other regulations.
Boasting Iconic brands including QUINTREX and STACER, Telwater has been a pioneering specialist in designing and manufacturing aluminium boats in Australia for almost four decades. Its addition to the Yamaha Motor Australia Group aligns with Yamaha Motor’s global commitment to delivering the highest quality products and the ultimate *Kando experience to its customers. It provides an additional foundation for Yamaha Motor to expand its exciting market offering and to continue to transform, and guide, the Australian and New Zealand marine industries into the future. Whilst the acquisition is an exciting one for the Yamaha Motor Australia Group, we remain committed to our core partnership values as Australia’s leading outboard supplier. For our dealer group, as well as our commercial and OEM partners, it will be business as usual with the added excitement of further opportunities ahead.
Telwater’s Aluminium boat building technologies, proven expertise, and its high standing within the Australian boating community, through its trusted brand names, align perfectly with Yamaha Motor’s global reputation for quality and reliability, backed by industry-leading after-sales and service. The technological, business, and cultural synergies between the two brands will not only strengthen these ties but will also deliver a benefit to the Australasian boating community through the acceleration of product development.
With respect to Yamaha Motor’s long-term vision “ART for Human Possibilities”, which has the company committed to a cleaner future, this acquisition provides the global Yamaha Motor Group with further opportunities to develop marine products with a reduced environmental footprint to ensure our waterways and nature can be enjoyed by the next generation of Yamaha owners in the same way that we do.
The addition of Telwater Pty Ltd to the Yamaha Motor Australia Group is an exciting and important one that will supplement the international network of Yamaha Marine manufacturing facilities. The addition of hallmark boating brands such as QUINTREX and STACER, will not only benefit the Australian market but will also assist and accelerate the research and development of Yamaha Motor marine propulsion and manoeuvring technologies on a global scale. The acquisition is a significant milestone for both organisations, and the Yamaha Motor Australia Group is delighted to be welcoming the Telwater team to the Yamaha family. This is not only an exciting time for us, but importantly, for our marine customers.
Sam Heyes, Telwater Pty, Ltd General Manager said:
“Telwater’s suite of products have long been regarded as Australian boating favourites. Producing a wide range of the country’s most sought-after fishing, family and cross-over boat models, Telwater products are synonymous with quality – and the same is true of the Yamaha Motor name and its products. It’s an honour to be on board as Telwater embarks on a new voyage. We will continue to be a major part of Australia’s boating culture and with Yamaha Motor now at the helm it means we can not only keep abreast with the latest trends and technological advancements but continue setting the standard.”
In a further statements to its dealers, Sam Heyes said “I’m pleased to let you know that BRP has entered into a definitive agreement to sell 100% of the outstanding shares of Telwater Pty, Ltd. to Yamaha Motor Australia Pty Ltd., a subsidiary of Yamaha Motor Co., Ltd.
Sam Heyes
While this transaction is subject to certain customary closing conditions, including regulatory approval, we expect it to be completed in the second quarter of Fiscal 26 (between May and July of 2025).
This news comes on the heels of BRP’s decision last October to sell its Marine businesses to double down on its core Powersports activities, enhancing its position for long-term success.
For now, and until the transaction is approved and completed, there are no changes to our operations, and it is business as usual for you, our dealers.
Once the transaction is officially approved and completed, you can expect Yamaha Motor Australia to reach out to you to provide more detailed information about the transition.
Rest assured that until then, our teams at Telwater remain committed to offering you the excellent service that you have come to expect.
As for the other BRP Marine brands that are part of the sale process, discussions with potential buyers are still ongoing. We expect this to be completed by the end of the first quarter of Fiscal 26 (April 30, 2025) or early in the second quarter.”
A statement out of the BRP Corporate office stated that, BRP Inc. (TSX:DOO; NASDAQ:DOOO) announces today that it has entered into a definitive agreement to sell 100% of the outstanding shares of Telwater Pty, Ltd. to Yamaha Motor Australia Pty Ltd., a subsidiary of Yamaha Motor Co., Ltd. The acquirer has been established in the region since 1983 and a key player in Australia’s boat industry.
This transaction follows BRP’s decision to sell its Marine businesses to channel its efforts and investments towards its core Powersports activities, thereby enhancing its position for long-term success.
“We are pleased with today’s announcement, our first transaction in the process for the sale of our Marine businesses,” said José Boisjoli, President and CEO of BRP. “I would like to sincerely thank all of the talented employees for their contribution and commitment over the years. We know we can count on their professionalism to continue supporting our dealers and customers with dedication through this transition period, until the transaction is completed.”
Telwater Pty, Ltd. includes the businesses of renowned brands such as Quintrex, Stacer and Savage. This transaction is subject to certain customary closing conditions, including regulatory approval, and is expected to be completed in the second quarter of BRP’s Fiscal 2026.
National Bank Financial Inc. acted as financial advisor and Stikeman Elliott LLP acted as legal advisor to BRP on the transaction.
