Mergers & Acquisitions
By The Online Investor Staff, updated Thu., Mar. 4, 1:11 PM
| This Slide: #76 of 100 |
Slide #76. Vision Marine Technologies, Inc. — Complimentary Intellectual Property Assets from MAC Engineering
Acquirer:
Vision Marine Technologies, Inc. (NASDAQ:VMAR)
Acquiree:
Complimentary Intellectual Property Assets from MAC Engineering
Details:
Vision Marine Technologies, Inc. (Nasdaq: VMAR) ("Vision Marine" or the "Company"), a leader in transforming the boating market by designing and manufacturing environmentally friendly electric boats and propulsion systems, is pleased to announce today that it has acquired MAC Engineering's intellectual property relating to marine outboard electronic systems. MAC Engineering, the European distributor of the UQM brand, and one of the global leaders in medium and high-power electric motors in the USA, is the highly regarded designer of propulsion and battery management systems and components for electric vehicles.
Vision Marine is engaged in the design, development and manufacturing of electric outboard powertrain systems and electric boats. Co. has developed its fully-electric outboard powertrain system that combines battery pack, inverter, motor with proprietary union assembly between the transmission and the electric motor design and control software. Co.'s electric powerboats models include Phoenix 290, Bruce 22, Volt 180, Fantail 217 and Quietude 156. For each of its boats, Co.'s consumers are able to customize certain aspects including color (for the hull, striping, interior and deck), radio and covers and other storage options.
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