1. Home >
  2. M&A >
  3. Divestiture >
  4. United States >
  5. Minnesota >
  6. Polaris Acquires Global Electric Motorcars

M&A Deal Summary

Polaris Acquires Global Electric Motorcars

On April 25, 2011, Polaris acquired automotive company Global Electric Motorcars from Chrysler Group

Acquisition Highlights
  • This is Polaris’ 3rd transaction in the Automotive sector.
  • This is Polaris’ 2nd transaction in the United States.
  • This is Polaris’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2011-04-25
Target Global Electric Motorcars
Sector Automotive
Buyer(s) Polaris
Sellers(s) Chrysler Group
Deal Type Divestiture

Target

Global Electric Motorcars

Medina, Minnesota, United States
Global Electric Motorcars, LLC is engaged in low-speed, Neighborhood Electric Vehicle (NEV) industry and has more than 45,000 GEM battery-electric vehicles on the road worldwide. GEM cars are used by local, state and national government agencies, resorts, master-planned communities, universities, medical and corporate campuses, as well as by sports teams, taxi-shuttle services and individual consumers.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Polaris

Medina, Minnesota, United States
Category Company
Founded 1954
Sector Automotive
Employees15,000
Revenue 7.2B USD (2024)
DESCRIPTION
Polaris' corporate headquarters in Medina, Minnesota.
Polaris' corporate headquarters in Medina, Minnesota.

Polaris designs, engineers, manufactures and markets off-road vehicles, including all-terrain vehicles (ATVs) and the Polaris RANGER and RZR side-by-side vehicles, snowmobiles, motorcycles and on-road electric/hybrid powered vehicles. Polaris was founded in 1954 and is based in Medina, Minnesota.

DEAL STATS #
Overall 3 of 19
Sector: Automotive M&A 3 of 12
Type: Divestiture M&A Deals 1 of 1
State: Minnesota M&A 1 of 2
Country: United States M&A 2 of 16
Year: 2011 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-19 Indian Motorcycle

Spirit Lake, Iowa, United States

Indian Motorcycle is a motorcycle manufacturing company that designs, manufactures, and retails motorcycles. Indian Motorcycle was founded in 1901 and is based in Spirit Lake, Iowa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-16 Goupil Industrie S.A.

Bourran,, France

Goupil Industrie S.A. designs develops and sells electric vehicles for use in commercial applications. Goupil offers a diverse electric vehicle lineup that includes the G3 and the newly introduced G5 and G5 hybrid electric models.

Buy -

Seller(S) 1

SELLER

Chrysler Group

Auburn Hills, Michigan, United States
Category Company
Sector Automotive
DESCRIPTION

Chrysler Group LLC is an American automobile manufacturer headquartered in Auburn Hills, Michigan. It is a wholly owned subsidiary of the Italian multinational Fiat S.p.A.

DEAL STATS #
Overall 3 of 3
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Minnesota M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-11-08 Dollar Thrifty Automotive Group

Tulsa, Oklahoma, United States

Dollar Thrifty Automotive Group, Inc. is a provider of car rental services. Dollar and Thrifty have approximately 280 corporate locations in the United States and Canada, with approximately 5,800 employees located mainly in North America. In addition to its corporate operations, the Company maintains global service capabilities through an expansive franchise network of approximately 1,300 franchise locations in 82 countries.

Sell -
Mergr

Solution for

Product

Company

Legal