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Navico
Navico is a marine electronics company providing navigation, marine instruments and fish finding equipment to both the recreational and commercial marine sectors.
The Navico Recreational Marine Division is one of the world's largest provider of leisure marine electronic products. Lowrance is aimed at fishing, particularly in freshwater and near coastal areas. Simrad Yachting is focused on powerboat owners for cruising and sportfishing and B&G serves the sailing market.
The Simrad Commercial Marine Electronics division also offers navigation products for the commercial market, while C-MAP provides cartography and digital products to both recreational and commercial markets.
Navico has its headquarters in Egersund, Norway, and the group has manufacturing facilities in the United States, UK, Norway, Mexico and New Zealand.
In 1946 Simonsen Radio was founded by Willy Simonsen (NOR) leading the development of echo-sounding equipment. Simrad Yachting was born from the union of Simonsen Radio and other marine technology pioneers.
In 1955 Brookes & Gatehouse (B&G) was founded by Major R.N Gatehouse and Ronald Brookes (UK). In 1957 Lowrance Electronics was created by Darrell Lowrance (US) and launched the first recreational sonar product for anglers – the Fish-Lo-K-Tor, also known as the ‘Little Green Box’.
In 2003 Simrad Yachting acquired B&G. In 2005 Altor 2003 Fund acquired Simrad Yachting AS from Kongsberg Group. In 2006 Altor 2003 Fund acquired Lowrance Electronics. Also in 2006, Navico was created through the merger of Simrad Yachting and Lowrance Electronics by their common owners, Altor Equity Partners, a Swedish private equity firm. In 2007 Navico acquired the marine electronics business of Brunswick New Technologies creating the world’s largest supplier of marine electronics for recreational boats.
2016 Goldman Sachs Merchant Banking Division and Altor Fund IV signed an agreement to acquire Navico Holding AS (Navico) and Digital Marine Solutions Holding AS (Digital Marine Solutions), owner of Jeppesen Marine, from the Altor 2003 Fund. In 2016 Navico expands manufacturing plant in Ensenada, Mexico adding 50,000 sq ft. In 2017 Navico acquired C-MAP, providing cartography products and services for all types of leisure boaters, from fishermen and sailing enthusiasts to powerboat owners around the world. In 2019 Knut Frostad was appointed as President and CEO of Navico.
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Navico
Navico is a marine electronics company providing navigation, marine instruments and fish finding equipment to both the recreational and commercial marine sectors.
The Navico Recreational Marine Division is one of the world's largest provider of leisure marine electronic products. Lowrance is aimed at fishing, particularly in freshwater and near coastal areas. Simrad Yachting is focused on powerboat owners for cruising and sportfishing and B&G serves the sailing market.
The Simrad Commercial Marine Electronics division also offers navigation products for the commercial market, while C-MAP provides cartography and digital products to both recreational and commercial markets.
Navico has its headquarters in Egersund, Norway, and the group has manufacturing facilities in the United States, UK, Norway, Mexico and New Zealand.
In 1946 Simonsen Radio was founded by Willy Simonsen (NOR) leading the development of echo-sounding equipment. Simrad Yachting was born from the union of Simonsen Radio and other marine technology pioneers.
In 1955 Brookes & Gatehouse (B&G) was founded by Major R.N Gatehouse and Ronald Brookes (UK). In 1957 Lowrance Electronics was created by Darrell Lowrance (US) and launched the first recreational sonar product for anglers – the Fish-Lo-K-Tor, also known as the ‘Little Green Box’.
In 2003 Simrad Yachting acquired B&G. In 2005 Altor 2003 Fund acquired Simrad Yachting AS from Kongsberg Group. In 2006 Altor 2003 Fund acquired Lowrance Electronics. Also in 2006, Navico was created through the merger of Simrad Yachting and Lowrance Electronics by their common owners, Altor Equity Partners, a Swedish private equity firm. In 2007 Navico acquired the marine electronics business of Brunswick New Technologies creating the world’s largest supplier of marine electronics for recreational boats.
2016 Goldman Sachs Merchant Banking Division and Altor Fund IV signed an agreement to acquire Navico Holding AS (Navico) and Digital Marine Solutions Holding AS (Digital Marine Solutions), owner of Jeppesen Marine, from the Altor 2003 Fund. In 2016 Navico expands manufacturing plant in Ensenada, Mexico adding 50,000 sq ft. In 2017 Navico acquired C-MAP, providing cartography products and services for all types of leisure boaters, from fishermen and sailing enthusiasts to powerboat owners around the world. In 2019 Knut Frostad was appointed as President and CEO of Navico.