Bobcat Company and Polaris Industries Inc. Announce Long-Term Strategic Alliance

Bobcat Company and Polaris Industries Inc. (NYSE:PII), of Medina, Minn., today announced a long-term strategic alliance that will leverage the complementary strengths of both companies to penetrate work-related market segments globally.

"We are thrilled about the long-term implications of this alliance," said Richard Goldsbury, president, Bobcat Americas. "Bobcat's and Polaris' long traditions of innovation, product passion and similar cultures complement each other very well."

Parker Hannifin Corporation, the global leader in motion and control technologies, continues to refine the company's new hybrid drive technology, which is an advanced hydro-mechanical series drive system designed to significantly reduce fuel consumption and increase productivity in vehicles with high start-and-stop applications.

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