Evinrude parent to buy 80 percent of Telwater, with current owner staying on as minority shareholder.
Laurent Beaudoin will step down and become Chairman Emeritus.
The engines will help with training as the industry deals with the technician shortage.
NMMA reports the shipments in high-horsepower categories jumped in year-to-date tracking through November.
The program awards $5,000 to master and PhD students.
BRP Evinrude Technology Institute will train technicians in marine engines, motorcycles, boats, PWC and ATVs.
Terms of the sale were not disclosed, and the transaction is expected to be completed in the third quarter of BRP’s fiscal year 2019.
The canceled supply agreement between the two companies had been extended two years.
BRP said it is making a long term strategic play in forming its Marine Group with the Alumacraft acquisition, rather than making purchases simply for economic benefit.