Issue link: https://read.dmtmag.com/i/410969
14 • November 3, 2014 • Powersports Business www.PowersportsBusiness.com ARI Network Services, Inc. has acquired TCS Technologies, a provider of software, websites and digital marketing services designed exclu- sively for dealers, wholesalers, retreaders and manufacturers within the automotive tire and wheel vertical. Terms of the transaction were not disclosed. "ARI's growth strategy continues to be fueled by a combination of organic growth and strategic acquisitions," said Roy W. Oliv- ier, president and CEO of ARI. "The acquisi- tion of TCS aligns with our strategy in several ways: First, it consolidates our position as the leading provider of eCommerce-enabled websites and digital marketing services in the automotive tire and wheel industry. Second, TCS provides solutions for the entire automo- tive tire and wheel supply chain, including wholesalers, retreaders and manufacturers. Finally, TCS offers a point of sale solution for tire and wheel dealers as well as for auto repair shops. In short, all of TCS's offerings are in alignment with ARI's mission to help our customers Sell More Stuff! We believe the combined entity will accelerate our growth and leadership position in this market for the foreseeable future." TCS will maintain normal operations out of its headquarters located in Cookeville, Tenn., under the continued leadership of Barry D. Reese, who will assume the role of VP and GM of TCS Technologies, an ARI Company. Reese said, "Together with ARI, we will innovate faster to create comprehensive solu- tions at a pace that is unmatched by our com- petition." PSB POWERSPORTS BUSINESS STOCKS Stock Price Price Percent 52-Week Company Ticker 10/10/14 9/12/14 Change High Low Arctic Cat, Inc. ACAT $31.23 $36.67 -14.8% $61.13 $30.93 ARI Network Services, Inc. ARIS $3.21 $3.01 6.6% $3.51 $2.33 Assurant, Inc. AIZ $61.41 $64.68 -5.1% $69.71 $56.77 Brunswick Corp. BC $39.86 $44.45 -10.3% $47.69 $38.46 General Electric Co. GE $24.27 $25.87 -6.2% $28.09 $23.90 Harley-Davidson, Inc. HOG $56.46 $64.42 -12.4% $74.13 $55.88 Honda Motor Corp. ADR HMC $31.70 $34.50 -8.1% $42.96 $31.26 Polaris Industries, Inc. PII $142.59 $147.56 -3.4% $152.88 $118.80 TCF Financial Corporation TCB $14.74 $16.52 -10.8% $17.39 $14.62 Stock Price Price Percent 52-Week Company Ticker 10/10/14 9/12/14 Change High Low ArvinMeritor ARM $9.93 $13.21 -24.8% $15.14 $6.09 ADP ADP $72.66 $83.02 -12.5% $75.04 $63.08 Bridgestone Corp. ADR BRDCY $15.99 $17.18 -7.0% $19.08 $15.62 Carlisle Companies CSL $76.99 $82.99 -7.2% $88.36 $70.19 Cooper Tire & Rubber CTB $27.84 $30.26 -8.0% $31.34 $20.55 Dover Corporation DOV $75.76 $85.78 -11.7% $91.84 $67.76 Intl. Speedway Corp. Cl. A ISCA $28.71 $32.51 -11.7% $38.01 $28.31 Deere & Company DE $80.98 $81.95 -1.2% $94.89 $78.88 MarineMax, Inc. HZO $15.84 $18.95 -16.4% $19.37 $13.33 Spy Inc. XSPY $0.90 $1.00 -10.0% $2.25 $0.50 Speedway Motorsports, Inc. TRK $16.91 $17.88 -5.4% $20.75 $16.45 Universal Technical Institute UTI $10.08 $10.71 -5.9% $15.16 $9.20 POWERSPORTS BUSINESS INDEX COMPONENTS INTERNATIONAL STOCKS OF INTEREST Source: Wells Fargo Securities, LLC Stock Price Price Percent 52-Week Company Ticker 10/10/14 9/12/14 Change High Low BMW AG BMW-ETR 79.53 € 89.43 € -11.1% 96.10 € 77.58 € BRP, Inc. DOO-TSE $24.07 $24.91 -3.4% $31.98 $23.51 Kawasaki Heavy Industries 7012-TKS 407 ¥ 410 ¥ -0.7% 496 ¥ 350 ¥ KTM Powersports AG KTM-WBO 102.95 € 104.80 € -1.8% 110.00 € 58.76 € Michelin ML-PAR 68.77 € 79.38 € -13.4% 94.33 € 68.04 € NGK Sparkplug 5334-TKS 2851 ¥ 3130 ¥ -8.9% 3335 ¥ 2088 ¥ Suzuki Motor 7269-TKS 3191 ¥ 3660 ¥ -12.8% 3828 ¥ 2335 ¥ Yamaha Motor 7272-TKS 1949 ¥ 2087 ¥ -6.6% 2188 ¥ 1265 ¥ Yokohama Rubber 5101-TKS 914 ¥ 936 ¥ -2.4% 1081 ¥ 829 ¥ DOMESTIC STOCKS OF INTEREST FOREIGN CURRENCY EXCHANGE 10/10/14 1 Month Ago 6 Months Ago Year Ago Annual Price Price %Change Price %Change Price %Change High Low Australian Dollar 1.15 1.09 -4.8% 1.06 -7.4% 1.06 -7.8% 1.03 1.15 British Pound 0.62 0.62 -0.7% 0.60 -4.4% 0.63 0.5% 0.58 0.63 Canadian Dollar 1.12 1.10 -2.0% 1.09 -2.5% 1.04 -7.2% 1.03 1.13 Euro 0.79 0.77 -2.2% 0.72 -9.0% 0.74 -6.6% 0.72 0.80 Indian Rupee 61.28 60.90 -0.6% 60.12 -1.9% 61.59 0.5% 58.36 63.64 Indonesian Rupiah 12,220 11,812 -3.3% 11,354 -7.1% 11,490 -6.0% 11,015 12,260 Japanese Yen 107.91 106.68 -1.1% 101.52 -5.9% 98.09 -9.1% 97.29 109.76 Malaysian Ringget 3.26 3.20 -1.7% 3.22 -1.0% 3.19 -2.0% 3.14 3.35 Phillipine Peso 44.78 43.92 -1.9% 44.31 -1.1% 43.15 -3.7% 43.04 45.40 Singapore Dollar 1.27 1.26 -0.8% 1.25 -2.0% 1.25 -1.9% 1.24 1.28 South Korean Won 1,070.45 1,024.25 -4.3% 1,040.15 -2.8% 1,073.75 0.3% 1,008.35 1,084.55 Taiwan Dollar 30.36 29.96 -1.3% 30.01 -1.1% 29.42 -3.1% 29.37 30.59 Thailand Bhat 32.46 32.21 -0.8% 32.21 -0.8% 31.41 -3.2% 31.03 33.13 Note: A positive percent change reflects a weakening of the U.S. dollar and a strengthening of the foreign currency. Source: Wells Fargo Securities LLC ARI acquires tech company