Brunswick Acquires eFoiling Company Fliteboard Foe Unknown Sum
Portfolio Pulse from Shivani Kumaresan
Brunswick Corporation (NYSE:BC) has acquired Fliteboard, a provider of eFoiling technology, for an undisclosed sum. The acquisition will enhance Brunswick's electrification and shared-access strategies and allow it to enter the electric-foiling surfboard market. Fliteboard will operate as a business within Mercury Marine. The move is expected to provide technological, manufacturing, commercial, and consumer synergies with Brunswick's existing portfolio.
September 05, 2023 | 1:05 pm
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POSITIVE IMPACT
Brunswick's acquisition of Fliteboard is expected to enhance its electrification and shared-access strategies, and provide synergies with its existing portfolio. This could potentially boost Brunswick's market position and financial performance.
The acquisition of Fliteboard, a provider of eFoiling technology, aligns with Brunswick's electrification and shared-access strategies. This could potentially enhance Brunswick's product offerings and market position. Additionally, the move is expected to provide technological, manufacturing, commercial, and consumer synergies with Brunswick's existing portfolio, which could potentially boost its financial performance.
CONFIDENCE 80
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RELEVANCE 100