BRP to acquire Telwater, Australian leader in aluminum boats, reinforcing Marine portfolio

Andrea Veitschegger

Public Relations

Valcourt, Quebec, Canada, May 1, 2019 – BRP  (TSX:DOO; NASDAQ:DOOO), announced today that it has entered into a definitive  agreement to acquire 80% of the outstanding shares of Telwater Pty, Ltd ("Telwater"),  Australia's leading manufacturer of aluminum boats and trailers. Following  the closing of the contemplated acquisition, Paul Phelan, Telwater's current owner  and Managing Director, will continue to play an important role in the  operations of the business and will hold 20% of the company's outstanding  shares.

"We are  excited to start this new chapter of our journey by joining forces with a  global leader like BRP. This acquisition means we can continue our growth here  and abroad, and leverage BRP's know-how and capacity to constantly innovate,"  explained Paul Phelan. "Our local knowledge and expertise will be put to good  use by BRP's Marine Group and we are looking forward to being part of the BRP  family."

"Telwater  was especially attractive to us because of our strong existing relationship  with them and the passionate people in Coomera, representing a great  opportunity to reinforce our presence in Australia," said José Boisjoli,  President and Chief Executive Officer of BRP. ‘'This is one more piece of the  puzzle in our strategy to transform the marine industry and a chance for us to  further our goal of becoming a leading global marine company by investing in the  current leader in this region," added Mr. Boisjoli.

Once the  intended acquisition is completed, Telwater will join the BRP Marine Group as  an independent product line, along with the Evinrude, Alumacraft and Manitou  brands. This will allow BRP to increase and strengthen its position in the  aluminum boat industry in regions with excellent growth potential. Having this  manufacturing footprint in Australia will give BRP additional options for supporting  other product lines in the future.

The  acquisition remains subject to certain customary closing conditions, including  regulatory approval, and is expected to be completed in the second quarter of  BRP's fiscal year 2020.

For additional information on Telwater, visit