Synerject Completes Acquisition of BRP’s Delavan Operations
Newport News, Va., Mar 1, 2006, Synerject LLC today announced the completion of its acquisition of the manufacturing assets and employees of BRP US Inc.’s Delavan, Wis. engine management modules facility. The business initiative helps expand Synerject’s North American manufacturing base for production of engine management modules and components to serve its growing regional markets.
The facility manufactures fuel injectors and electronic engine management modules and components for BRP’s Johnson® and Evinrude® divisions. Supply contracts with BRP for the products made in Delavan are an integral part to the purchase agreement.
“The Delavan acquisition is a significant strategic move for Synerject, as it immediately gives us a state-of-the art electronic module manufacturing base, dedicated to the needs and requirements of our non-automotive markets and a fuel injection components manufacturing operation,” said Synerject President and CEO Stephane Tagliante. “It will complement the programs in place at our Newport News, Va. facility, augmenting our current capabilities without competing with any existing activities.”
The Delavan facility was established in 1996 and acquired by BRP in 2001. Its modern operations span approximately 40,000 sq. ft. of manufacturing space and 80 employees.
“Beyond the strategic match that this acquisition represents for Synerject, Delavan offered a long list of equally attractive features,” stated Synerject Chief Financial Officer (CFO) Lynn Johnson. “A secure business base with strong growth potential, a state-of-the-art facility located at the very heart of our customers’ territory and a dedicated and highly qualified work force. Integrating the Delavan operation helps create a more ideal platform from which to grow by providing our customers with the products and technology they expect from our industry.”
Synerject, located in Newport News, Va., was formed between Siemens VDO Automotive Corporation (NYSE:SI) and Orbital Corporation Limited, in 1997, with additional offices in France. Synerject supplies engine management systems, modules and components for the marine, recreational, motorcycle and industrial markets. The scope of its product offerings ranges from vehicle fuel delivery systems to complete engine management modules. More information on Synerject can be found at www.synerject.com or by phone at (757) 890-4900.
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