Electric watercraft manufacturer Taiga yesterday announced that it received approval from the Superior Court of Quebec to be acquired by the Stewart Wilkinson group, which owns Vita, Evoy and AquasuperPower.
“We are excited to support the evolution of Taiga,” Stuart Wilkinson said in a statement. “Sam and his team have built great products and technology in challenging financial markets. The world urgently needs low-carbon solutions for all forms of mobility. This transaction will allow us to continue building the best technology, team and products to propel the industry forward.”
The move is reported to strengthen Taiga’s operations in Canada and enable the continued delivery of its electric snowmobiles and personal watercraft with a capacity of up to 8,000 units annually.
“We founded Taiga with the mission to make sustainable recreation accessible to everyone,” Taiga CEO and founder Samuel Bruneau said in the statement. “Over the past years we developed and built what no other manufacturer was willing or able to achieve — the foundational technology required to drive mass market adoption. The business combination now gives us the scale and resources needed to deliver our vision.”
The financial terms of the transaction were not revealed.
