Taiga Motors Corporation announced its expansion into South America by signing an exclusive distribution agreement with Comfort Industria E Comercio for an initial term of 3 years. With over 40 years of experience and 90 dealerships across Brazil, Ventura has been chosen as Taiga’s exclusive distributor in Brazil, Argentina, Chile and Paraguay for its Orca personal watercraft. During the initial term, Ventura has committed to purchase Taiga’s products for a minimum purchase value of C$13.7M in revenues with the optionality to buy additional products which, if fully purchased, would equate to a total contract purchase value of up to C$25M.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
