Polaris continues to expand its presence in the recreational vehicle market with its acquisition of HH Investment Limited, a Shanghai-based company that manufactures recreational gas-powered go-karts, light-utility vehicles for yardwork, and electric utility- vehicles and sells them in the United States under the Hammerhead Off-Road brand name.
This purchase comes on the heels of the purchase of electric-motorcycle manufacturer Brammo, and the release of the homegrown street-going Slingshot three-wheeler. Other Polaris-owned brands include Victory and Indian motorcycles, as well as Klim apparel. Under its own name, Polaris sells ATVs, side-by-sides, and snowmobiles.
“Hammerhead provides Polaris with a unique opportunity to expand both our international manufacturing footprint and our armada of off-road products,” Polaris Chairman and CEO Scott Wine explains. “We are impressed by the entrepreneurial spirit and passion for innovation of the Hammerhead team, and look forward to pursuing new customers in new markets with their high-quality and low-cost off-road vehicles. We are excited to establish Polaris’ operational footprint in China and believe the opportunities for further international growth are significant.”
In addition to its main manufacturing facility in Shanghai, Hammerhead has a sales, distribution and light-assembly operation in Dallas. “I am thrilled at the opportunity to make Hammerhead a part of Polaris and its growing portfolio of global brands,” Chairman of Hammerhead Jerry Qiu tells us. “I am very proud of what we have built at Hammerhead. We share the same enthusiasm and passion for off-road vehicles as Polaris and look forward to sharing our mutual expertise as we take our products, engineering and manufacturing skills to the next level.”