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1927 Johnson Seahorse outboard motor at the Tellus Science Museum. The original company that made Johnson inboard motors and outboard motors was the Johnson Brothers Motor Company of Terre Haute, Indiana, United States. They started building inboard 2-cycle marine engines in 1903 in a barn behind the house, along with matching boats.
By 1921, Evinrude was back in business, in a venture he called the ELTO Outboard Motor Company. His new offering was the Evinrude Light Twin Outboard, a motor partly made of aluminum, reducing its weight by a third. Popular with the fishing fleets, this revolutionary engine outstripped sales of Evinrude's original outboard motor within three years.
Evinrude Outboard Motors was a North American company that built a major brand of two-stroke outboard motors for boats. Founded by Ole Evinrude in Milwaukee , Wisconsin in 1907, it was formerly owned by the publicly traded Outboard Marine Corporation (OMC) since 1935 but OMC filed for bankruptcy in 2000.
Evinrude's father had emigrated from Norway in 1882 and had developed the first commercially feasible outboard motor, thus creating a new industry and form of recreation. In 1927, Evinrude joined the family firm, Elto Outboard Motor Company after two years at the University of Wisconsin–Madison. Ole Evinrude died on July 12, 1934, and Ralph ...
In 2001 Bombardier purchased the Evinrude Outboard Motors and Johnson Outboards trade names for the insolvent Outboard Marine Corporation. [19] In 2003, the company sold Bombardier Recreational Products to a group of investors: Bain Capital (50%), Bombardier Family (35%) and Caisse de dépôt et placement du Québec (15%) for $875 million. [20]
Ole Evinrude formed Evinrude Outboard Motors, which he sold in 1913 in order to look after his sick wife. In 1919, Evinrude invented a more efficient and lighter two-cylinder motor. Having sold his part in Clemick & Evinrude, he founded ELTO or the Elto Outboard Motor Company. (ELTO was an acronym for "Evinrude Light Twin Outboard".)