Navico

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Navico
Type Private equity
Founded 2006
Headquarters Lysaker, Norway
Key people Jens-Thomas Pietralla, president & CEO[1]
Altor & Kongsberg Gruppen, private equity
Industry marine electronics
Revenue ▲ $320 Millon USD (2006)
Employees 2,800 (2006)
Website www.navico.com

Navico is a marine electronics company founded in 2006 by Altor Equity Partners, a Norwegian private equity firm. Navico serves as a parent company to its brands.[2]

Contents

[edit] Corporate history

Navico was founded in 2006 with the merger of Simrad Yachting, and Lowrance Electronics.[3] The acquisition of Brunswick Corporation's marine electronics department was completed in March 2007.[2] Navico's headquarter is located in Norway near Oslo, but the company retains offices in Tulsa, Oklahoma, Acton, Massachusetts, Romsey, Hampshire, Støvring, Denmark, Ensenada, and Auckland, New Zealand among others.

[edit] Brands

Navico currently holds seven brands. These include: Lowrance Electronics, Simrad Yachting AS, Brookes & Gatehouse, Navman, Northstar, MX Marine, and Eagle Sonar.[4]

[edit] Products

Navico's products include fishfinders, chartplotters, automotive navigation system, radar and sonar devices, and other GPS devices.

[edit] References

  1. ^ Navico Appoints New President & CEO. Retrieved on 2007-09-23.
  2. ^ a b About Navico. Retrieved on 2007-09-23.
  3. ^ Lowrance to Merge and Become Navico. Retrieved on 2007-09-23.
  4. ^ Navico's brands. Retrieved on 2007-09-23.

[edit] External links

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