North Dakota-based Bobcat Co., known for its skid-steer loaders, is forming an alliance with snowmobile-maker Polaris Industries Inc.

It’s a move both companies hope will add customers and boost profits as they battle an economic slump.

Polaris CEO Scott Wine says his company will make work vehicles and sell them to Bobcat for sale through Bobcat’s dealer network. Later, the two companies will develop other vehicles and share technology.

Polaris spokeswoman Marlys Knutson says the initial wave of vehicles will be made at the company’s plant in Spirit Lake, Iowa, beginning next year.

Polaris, based in Medina, Minnesota, makes all-terrain vehicles, snowmobiles and motorcycles. Bobcat, based in West Fargo, North Dakota, makes compact construction equipment.

via Bobcat, Polaris Announce Alliance – Money News Story – KCCI Des Moines.