#Trim(mainLayout.Name)# Advertising Info Advertising Info

News Home Text Only News U.I.M. P1 Powerboat Aust Offshore Champs Class-1 World Champ Marine Business News
World Cruising Australian Cruising BoatsPlus
 

Sail-World.com : Navman, Northstar and MX Marine with Navico
Navman, Northstar and MX Marine with Navico
Brunswick Corporation today announced it has signed a definitive agreement to sell Brunswick New Technologies' marine electronics operations to Navico International Ltd. The purchase will include the Northstar, MX Marine and Navman marine brands. Terms of the transaction were not disclosed. Completion of the sale is subject to regulatory approvals.

Navico, based in Lysaker, Norway, is a leading supplier of marine electronics with its Lowrance, Simrad, and Eagle and B&G marine electronics brands.

'When we announced our intent to sell portions of Brunswick New Technologies (BNT), we stated at that time that we believed that BNT's long- term prospects may be better achieved under different ownership -- one that is focused on BNT's technological expertise -- to enable it to reach its full potential,' explained Dustan E. McCoy, Brunswick chairman and chief executive officer. 'As such, we are particularly pleased to find such a strategic buyer who already has a significant presence in the global marine electronics marketplace.'

The company said the transaction also includes a supply agreement whereby Brunswick will purchase Navico products.

Brunswick announced in April 2006 its decision to pursue the sale of substantially all of its BNT business unit, which includes fleet management, marine electronics and portable navigation device (PND) products. The company said it is continuing to pursue the sale of the fleet management and PND segments of the business.




by Brunswick Corporation   11:21 AM Thu 15 Feb 2007 GMT



Click here for printer friendly version
Click here to send us feedback or comments about this story.
If you want to send this story to a friend, please use link below
http://www.sail-world.com/BoatingAndBoats/Navman,-Northstar-and-MX-Marine-with-Navico/31186

Click for further information on


Related News Stories:

21 Oct 2008  Northstar M-series – complete navigation
14 Oct 2008  Simrad NAIS-300 Class B AIS
16 Jul 2008  Northstar's New 310 Instrument Series
10 Jul 2008  Simrad expands Award-winning autopilot range
25 May 2008  Navico moves ahead in 2008
02 Aug 2007  Navico joins forces with Oceantalk
21 Jun 2007  Scope out Simrad - Melbourne Club Marine Boat Show
18 Mar 2007  See and be Seen with the Simrad AI50
08 Mar 2007  Simrad IS15 wind instrument system
20 Feb 2007  Lowrance on everyone’s radar
MORE STORIES ...


Based on your current download speed Sail-World has delivered large images (660 pixels long side.)  If you would like to see only small images (300 pixels long side) click here .  For medium sized images (500 pixels long side) click here .

 
 
Our Advertisers are committed to our sport, please support them!
This site and its contents are © Copyright TetraMedia Pty.Ltd. All Rights Reserved.
Photographs are copyright by law, if you wish to use an image from Sail-world.com, Powerboat-world.com or Marinebusinessnews.com, Contact us .
Ph: +61 2 4977 2116 fax: +61 2 4977 2528 or complete our feedback form    Contact us .
Company info   View our Privacy Policy.    [Go Home]     [Bot Archive ]