Following the signing of an agreement last month, Norwegian-based Navico International Ltd has now completed the acquisition of the marine electronics business of Brunswick New Technologies. This makes Navico the world leader in marine electronics for the recreational boat market, says the company.
Its existing brand portfolio of B&G, Eagle, Lowrance and Simrad is strengthened by the addition of MX Marine, Navman marine and Northstar. The result is the ability to supply almost every segment of the marine industry, from small leisure boats through to professional vessels, says Navico.
As well as a competitive product portfolio in the market there is revolutionary new technology in development. Navico will apply its technological expertise and market power to help the new brands realize their full potential in the market place, said Jens Thomas Pietralla.
As part of the transaction, Brunswick has entered into an agreement with Navico which secures a close partnership with all Navico brands to supply leading-edge marine electronics solutions to the Brunswick Boat Group.
For more information visit www.navico.com
