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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.
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".)
Outboard Marine Corporation (OMC) was a maker of Evinrude, Johnson and Gale Outboard Motors, and many different brands of boats. It was a multibillion-dollar Fortune 500 corporation. [ 1 ] Evinrude began in Milwaukee, Wisconsin in 1907.
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 ...
Evinrude may refer to: . Evinrude Outboard Motors, a company that builds outboard motors for boats; The dragonfly in the 1977 Disney animated film The Rescuers; Ole Evinrude (1877–1934), Norwegian-American inventor, founder of Evinrude Outboard Motors
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]
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