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Polaris Industries Acquires KLIM

Polaris Industries has acquired motorcycle and snowmobile gear manufacturer KLIM. Terms of the acquisition were not disclosed. The KLIM brand will continue operating as a standalone business alongside Polaris’ existing apparel labels.

Doriano Romboni Killed in Simoncelli Memorial Benefit Race

Retired Grand Prix racer Doriano Romboni suffered fatal injuries in a crash during practice for benefit race in memory of Marco Simoncelli. Romboni, 44, reportedly lost control during the second practice session at the second-annual Sic Supermoto Day, running into the grass before swerving back onto the track and into the path of Gianluca Vizziello. Romboni was air-lifted to Santa Maria Goretti hospital where he succumbed to his injuries.

Polaris Reports Q3 2011 Results

Polaris Industries announced another record quarter with sales growth across all its product lines including on-road vehicle sales which consist mainly of Victory Motorcycles and Indian Motorcycles. The Medinia, Minn., company reported $67.6 million in net income for the third quarter ended Sept. 30, 2011, a 43% increase from the $47.2 million reported in the same quarter of 2010.