Motovan Acquires Steen Hansen Racing

From Motovan

Monday August 22nd, 2011 (Boucherville, Quebec, Canada) Motovan Corporation , Canada’s leading distributor of Powersports parts and accessories, has recently acquired Steen Hansen Racing (“SHR”). Based out of Edmonton Alberta, SHR has been servicing Western Canadian dealers for almost 40 years and currently distributes well-known brands such as: Akrapovic, Gerbings, Leatt, Ohlins, One Industries and Sidi, just to name a few. “We are very happy to have SHR under our banner” says James Paladino, President/CEO of Motovan; “ Our acquisition investment is another clear indication that we believe in the Powersports industry and we are determined to grow Motovan in Canada. Our goal of providing dealers throughout Canada with the best brands, at competitive prices, on a timely basis… was the driving force behind the purchase of SHR” explains James.

Equally enthusiastic of this transaction is SHR’s Poul Hansen, who is maintaining an important role with Motovan Corporation. “SHR is a family owned business and even though we faced difficult market conditions, we were never going to sell our company to just anyone” says Poul, “I have known the Paladino family for many years and they share the same values as we do. I’m 100% certain that they will take care of our loyal customers and bring our brands to the next level across Canada. I am happy to have joined the Motovan team and I’m looking forward to the challenge”.

Despite sharing certain functions with Motovan, SHR will continue to operate independently from their current location and will soon publish a 2012 SHR catalogue containing their key brands. Don’t hesitate to contact Poul and his team for any questions or concerns.

MOTOVAN CORPORATION

Established in 1980, Motovan imports, exports, distributes and manufactures replacement parts and accessories for motorized recreational vehicles (Motorcycles/MX, ATVs, snowmobiles) as well as providing logistics services to other powersports organizations. Motovan is the Canadian distribution leader, boasting the largest sales team and network of powersports dealers in Canada. All reference materials, catalogs, industry information, press releases and product features can all be found on-line for your convenience at: www.motovan.com.