Navico
 |
|
| Aksjeselskap | |
| Industry | Marine electronics |
| Founded | 2006 |
| Headquarters | Egersund, Norway |
|
Key people
|
Leif Ottosson, president & CEO |
| Revenue |
 $320 Million USD (2006) |
| Owners |
Altor Equity Partners (88.15%) Kongsberg Maritime (8.28%) Others (3.57%) |
|
Number of employees
|
2,500 (2008) |
| Website | www |
Navico is the 2nd largest developer, manufacturer and distributor of marine electronics for the recreational market, based on 2015 sales.
The company was created in March 2006 through the merger of Simrad Yachting and Lowrance Electronics by their common owners, Altor Equity Partners, a Swedish private equity firm. Navico acts as the parent to five distinct and well-known leisure marine brands: B&G, Eagle, Lowrance, Northstar and Simrad Yachting.
Navico has its headquarters in Egersund, Norway, and the group has manufacturing facilities in the United States, UK, Norway, Mexico and New Zealand.
1985 - rebranded from Euromarine to Navico and moved to Star Lane Margate in Kent UK
2005 – Altor 2003 Fund acquires Simrad Yachting AS from Kongsberg Group
2006 (March) – Altor 2003 Fund acquires Lowrance Electronics Inc (incorporating Lowrance and Eagle)
2006 (September) – Navico is created by the merger of Simrad Yachting Inc and Lowrance Electronics Inc
2007 – Navico acquires the marine electronics division of Brunswick New Technologies Inc – bringing the Northstar, Navman (marine) and MX Marine brands into the group.
2008 – The Navman marine range is integrated into the Northstar product family in line with the terms of the original acquisition agreement.
2008 – The MX Marine range is merged into Simrad Yachting
Formerly Brookes and Gatehouse, B&G was founded over fifty years ago and manufactures advanced instrumentation systems for sailing yachts. B&G systems are used by competitive raceboats as well as amateur sail racers and sailing superyachts. The B&G range encompasses instruments, pilots and navigation equipment, plus tactical racing software and other high-end performance measurement and analysis solutions.
Eagle is a popular brand of marine electronics headquartered in the USA. The Eagle range of products focuses on fishfinders and navigation instruments specially developed for coastal waters and inland lakes. Eagle manufactures fishfinders and chartplotters as standalone and combined units.
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Wikipedia