minneapolis polaris industries has completed the previously announced acquisition of transamerican auto parts tap the leading manufacturer distributor and retailer of offroad jeep and truck aftermarket accessories for an aggregate consideration of 665 million subject to customary adjustments financed through polaris existing credit facilities polaris expects the tap acquisition to contribute approximately 100 million to the companys fourth quarter 2016 sales and anticipates acquisition costs and purchase price accounting associated with the acquisition of tap to result in a negative impact to fourth quarter 2016 net income of 15 million to 20 million excluding the effects of the tap sales contribution and purchase accountingacquisition costs the companys earnings guidance for the full year 2016 remains unchanged from its previously provided 340 to 360 per diluted share with sales expected to be down in the mid to highsingle digit percent range the company continues to anticipate the tap transaction will be accretive to polaris earnings per share excluding acquisition and purchase price accounting costs for the full year 2017 the company expects meaningful annual cost savings within three years following closing primarily from efficiencies related to procurement distribution and expanded product offerings as previously announced tap will initially operate as a distinct business unit reporting to steve eastman polaris president of parts garments and accessories etauto published on nov 12 2016 at 0315 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app polaris industries transamerican auto parts polaris international acquisition homenewspolaris industries completes acquisition of transamerican auto parts