NEWS
Electronics Deal For Navico
Navico International has agreed to purchase the marine electronics business of Brunswick New Technologies, a unit of Brunswick Corporation, subject to regulatory approvalsThe transaction, which is expected to close during March, will see Navico acquire MX Marine, Navman Marine and Northstar, adding three brands with complementary products to Navico’s already high-profile portfolio.
Navico (Australia) general manager Todd Moore said the addition of these brands would further strengthen the company’s position as the world’s largest supplier of marine electronics for recreational boats.
“This latest news builds on Norwegian investment company Altor’s 2006 acquisition of Lowrance Electronics and subsequent merger with Simrad Yachting AS to form the global marine electronics giant that is Navico,” he said.
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Written byBoatsales Staff
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