Club Car to acquire Danish golf car manufacturer
Columbia County-based Club Car plans to acquire a Danish company that will help expand the golf car manufacturer’s reach in the growing global market.
Club Car has signed “a definitive agreement” to obtain Garia A/S, which has produced luxury golf and leisure vehicles since 2005, the companies announced Saturday.
Financial terms of the agreement were not disclosed. The deal is expected to be finalized by the end of June.
In 2015, Garia launched its Garia Utility line of vehicles designed for work environments such as facility management and last-mile delivery. Last November, Garia acquired Polish lightweight utility vehicle manufacturer Melex.
The global golf car industry is projected to grow from $1.69 billion in 2021 to $2.55 billion in 2028 at a 6% compound annual growth rate, according to market data research firm Fortune Business Insights.
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