Textron Specialized Vehicles Inc. Acquires TKVGPS

January 24, 2017

AUGUSTA, Ga. —Textron Specialized Vehicles Inc., a Textron Inc. (NYSE: TXT) company, has acquired TKVGPS, a provider of GPS-based fleet management solutions and GPS technologies to enhance the on-course experience for golfers.

Going forward, TKVGPS’ business will operate as part of Textron Specialized Vehicles’ Golf business, which offers an extensive product line of E-Z-GO® golf cars, Jacobsen® turf care equipment and Cushman® utility and hospitality vehicles to golf courses and resorts worldwide.

TKVGPS’ fleet management solutions provide golf-course owners and operators with extensive, real-time information to help them monitor, maintain and protect their fleets of golf cars and utility vehicles. Among TKVGPS’ extensive list of features are remote amp-hour and odometer monitoring, state-of-charge reports and charging histories for electric vehicles; vehicle travel histories, fleet utilization and rotation reports, pace-of-play monitoring, remote diagnostics, and geofencing capabilities with remote vehicle shutdown that allow courses to keep vehicles within specified boundaries for safety and security.

In addition, golf courses can opt for TKVGPS’ TKV 7, TKV 7EX and TKV 10EX systems, which provide golfers real-time rangefinding and course layouts using bright, high-resolution 7-inch and 10-inch displays. These systems also provide automatic and two-way messaging capabilities between the clubhouse and the golfer. TKVGPS’ web-based fleet-management software allows its systems to be managed from a wide range of PC and mobile hardware platforms, often by leveraging hardware already in place at the golf course.

“TKVGPS fleet-management systems add an important dimension to Textron Specialized Vehicles’ portfolio of products and solutions for today’s golf-course operator,” said Kevin Holleran, president and CEO of Textron Specialized Vehicles. “Courses can select from a range of proven fleet-management solutions to meet the specific needs of their particular facility, protect their investments in vehicle fleets and turf-care equipment, monitor events on their course, and enhance the playing experience for their golfers.”

“In addition, Textron Specialized Vehicles will leverage TKVGPS technology across our many other product lines, including Cushman commercial utility vehicles, Jacobsen professional turf-care equipment, and Textron GSE ground support equipment, to provide fleet-management solutions to our customers across many different industries and end-use environments for our products,” Holleran continued.

TKVGPS will continue to operate from its facilities in Vancouver, Canada and Pitesti, Romania, with its workforce of 36 employees largely intact.

For more information about Textron Specialized Vehicles’ lines of E-Z-GO golf cars, Jacobsen turf-care equipment and Cushman utility vehicles, visit the brands’ websites at www.ezgo.com, www.jacobsen.com and www.cushman.com. For more information about TKVGPS fleet-management systems, visit www.tkvgps.com.

About Textron Specialized Vehicles Inc.

Textron Specialized Vehicles Inc. is a leading global manufacturer of golf cars, utility and personal transportation vehicles, professional turf-care equipment, and ground support equipment. Textron Specialized Vehicles markets products under the E-Z-GO®, Cushman®, Bad Boy® Off Road, Jacobsen®, Dixie Chopper®, Ransomes®, TUG™, Douglas™, Premier™ and Safeaero™ brands; Its vehicles are found in environments ranging from golf courses to factories, airports to planned communities, and theme parks to hunting preserves.

About Textron Inc.

Textron Inc. (NYSE: TXT) is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron in known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Bad Boy Off Road and Textron Systems. More information is available at www.textron.com.

Certain statements in this press release may project revenues or describe strategies, goals, outlook or other non-historical matters; these forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update them. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements.

Contact:
Brandon Haddock
Director, Communications
Textron Specialized Vehicles Inc.
706.772.5931
bhaddock@textron.com

Connect with Textron IR

Eric Salander, Vice President, Investor Relations
(401) 457-2288
D’Ante Natili, Manager,
Investor Relations (401) 457-2288

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