Club Car, a manufacturer in golf, consumer and utility vehicles, announced that it has completed the acquisition of Garia A/S, a Denmark-based manufacturer of electric street legal low-speed vehicles for the utility, consumer and golf markets.
The acquisition also includes Melex, which Garia acquired in 2021 to accelerate its growth in the utility space. Melex is a manufacturer of lightweight utility vehicles based in Poland.
“We are incredibly excited that Garia and Melex have joined Club Car. Together, we share a passion for innovation, design, and commitment to our customers,” said Club Car president Mark Wagner.
“We look forward to increasing the global reach of the combined brands. We see the acquisition as an opportunity to mature our go-to-market strategies and tap into new offerings — like street-legal utility and last-mile delivery. “With the most extensive line-up of low-speed electric vehicles in the industry, we anticipate a strong growth trajectory for years to come,” Wagner added.
Both the Garia and Melex businesses will continue to be led by Jakob Holstein. Holstein, who will report to Wagner, said, “Club Car is known for their extensive dealer network. This, combined with their operational expertise and commitment to delivering high-quality products, will take our brands to a new level.”
This acquisition is an important step in delivering on Club Car’s future growth.
“We will continue seeking more opportunities to grow the business organically and through additional acquisitions," said Platinum Equity Partner Jacob Kotzubei and Platinum Equity Managing Director Matthew Louie in a joint statement. “We look forward to the combination of these businesses and the great potential this unlocks for us all.”
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