ELKHART, Ind.--(BUSINESS WIRE)--
Thor Industries, Inc. (NYSE:THO), today announced that it has closed on
its 50/50 joint venture with Tourism Holdings, Ltd. (thl).
The joint venture, called TH2, was announced on February 15, 2018 and is
committed to bringing the full benefit of digital connectivity and the
sharing economy to RV owners around the world.
TH2 will be focused on significantly enhancing the enjoyment and safety
of RV enthusiasts by digitally connecting this fast-growing
international marketplace. This innovative and comprehensive platform
will improve every aspect of RV ownership, with capabilities that
include trip planning and booking, remote systems monitoring, roadside
assistance, and peer-to-peer RV and campsite rental. The system will
also streamline an owner’s record keeping and enable dealers and
manufacturers to provide such support as triggered service
notifications, online vehicle manuals and more.
Manufacturers, RV dealers and rental operators who utilize TH2’s
services and products will see increased efficiencies in product
pricing, service engagement and fleet management.
About Tourism Holdings Limited (thl)
thl is New Zealand's premier tourism company and the
largest global provider of RVs for rent. In Australia and New Zealand,
the company operates the Britz, maui and Mighty rental brands, as well
as sales outlets RV Sales Centre and RV Super Centre. In the US, thl
owns Road Bear RV Rentals and Sales, and El Monte RV Rentals and
Sales. The company holds 49% of UK-based Just go Motorhome Rentals &
Sales and 50% of Action Manufacturing. For more information on thl
please go to www.thlonline.com.
About Thor Industries, Inc.
Thor is the sole owner of operating subsidiaries that, combined,
represent the world’s largest manufacturer of recreational vehicles. For
more information on the Company and its products, please go to www.thorindustries.com.
This release includes certain statements that are “forward looking”
statements within the meaning of the U.S. Private Securities Litigation
Reform Act of 1995, Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward looking statements are made based on management’s
current expectations and beliefs regarding future and anticipated
developments and their effects upon Thor, and inherently involve
uncertainties and risks. These forward looking statements are not a
guarantee of future performance. We cannot assure you that actual
results will not differ from our expectations. Factors which could cause
materially different results include, among others, legislative,
regulatory and tax policy developments, the costs of compliance with
governmental regulation, legal and compliance issues including those
that may arise in conjunction with the described transactions, lower
consumer confidence and the level of discretionary consumer spending,
the potential impact of interest rate fluctuations on the general
economy and specifically on our dealers and consumers, restrictive
lending practices, management changes, the success of new and existing
products and services, including the acceptance of relevant
capabilities, features and functions thereof, consumer preferences, the
pace of acquisitions and the successful closing and financial impact
thereof, the potential loss of existing customers of acquisitions, the
integration of new acquisitions, our ability to retain key management
personnel of acquired companies, a shortage of necessary personnel , the
loss or reduction of sales to key dealers, cost structure changes,
competition, the potential impact of the strength of the U.S. dollar on
international demand, general economic, market and political conditions,
changes to investment and capital allocation strategies or other facets
of our strategic plan and other risks and uncertainties including those
discussed more fully in ITEM 1A of our Annual Report on Form 10-K for
the year ended July 31, 2017 and Part II, Item 1A of our quarterly
report on Form 10-Q for the period ended October 31, 2017.
We disclaim any obligation or undertaking to disseminate any updates or
revisions to any forward looking statements contained in this release or
to reflect any change in our expectations after the date of this release
or any change in events, conditions or circumstances on which any
statement is based, except as required by law.
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Source: Thor Industries, Inc.