Yamaha Motor Australia Pty. Ltd. has signed a purchase agreement with subsidiaries of BRP Inc., a Canada-based company, to acquire full ownership of Telwater Pty Ltd, an Australian aluminium boat manufacturer. The completion of this acquisition is subject to obtaining necessary clearances, permits, and regulatory approvals, including those related to competition laws.
With its iconic brands, QUINTREX and STACER, Telwater has been a leader in designing and manufacturing aluminium boats in Australia for nearly four decades. Its integration into the Yamaha Motor Australia Group aligns with Yamaha Motor’s global commitment to delivering top-quality products and the ultimate *Kando experience to customers. This acquisition strengthens Yamaha Motor’s foundation for expanding its market presence and driving innovation in the Australian and New Zealand marine industries.
“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,” added the company.
Telwater’s advanced aluminium boat-building technologies, proven expertise, and strong reputation within the Australian boating community—built on its trusted brands—perfectly complement Yamaha Motor’s global legacy of quality and reliability, supported by industry-leading after-sales service. The technological, business, and cultural synergies between the two companies will further strengthen this partnership, driving innovation and accelerating product development to benefit the Australasian boating community.
“We are pleased with today’s announcement, our first transaction in the process for the sale of our Marine businesses,” commented 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.”
Aligned with Yamaha Motor’s long-term vision, “ART for Human Possibilities,” and its commitment to a cleaner future, this acquisition offers the global Yamaha Motor Group new opportunities to develop marine products with a reduced environmental footprint. By prioritising sustainability, the company aims to preserve waterways and natural environments, ensuring future generations of Yamaha owners can enjoy them just as the present does today.
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 – 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.”
The integration of Telwater Pty Ltd into the Yamaha Motor Australia Group marks an exciting and strategic milestone, further strengthening Yamaha Marine’s global manufacturing network. With the addition of renowned boating brands like QUINTREX and STACER, this acquisition will not only enhance the Australian market but also accelerate the research and development of Yamaha Motor’s marine propulsion and manoeuvring technologies worldwide. Yamaha Motor Australia Group is thrilled to welcome the Telwater team into the Yamaha family. This is a significant moment for both organisations and, most importantly, for our marine customers, who can look forward to even greater innovation and opportunities.
Sam Heyes further added, “I’m pleased to let you know that BRP has entered into a definitive agreement to sell 100 per cent of the outstanding shares of Telwater Pty, Ltd. to Yamaha Motor Australia Pty Ltd., a subsidiary of Yamaha Motor Co., Ltd. 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 will be no changes to our operations, and it will be 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.”
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