347:. In 2006, Lowrance was purchased by Simrad Yachting for $ 215 million. This merger went on to create Navico, now the largest leisure marine electronics manufacturer in the world. The Lowrance brand is wholly owned by Navico, a privately held, international corporation, Navico is currently the world’s largest marine electronics company, and is the parent company to leading marine electronics brands: Lowrance, Simrad Yachting and B&G.
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340:, Mexico, Lowrance employs approximately 1,000 people. The company is best known for its High Definition Systems (HDS) and add-on performance modules which include Broadband 4G Radar, StructureScan with SideScan and DownScan Imaging, Sonic Hub Audio, Sirius LWX-1 Weather, and NAIS Collision Avoidance.
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Simrad produces a range of navigation instruments designed to withstand challenging conditions and provide navigation solutions for both leisure boaters (via the Simrad
Yachting range) and coastal mariners (via the Simrad Professional range). In 2008 the company absorbed MX Marine – acquired as a
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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
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Founded in 1985, C-MAP serves boaters worldwide, providing cartography products and services for all types of leisure boaters, from fishermen and sailing enthusiasts to powerboat owners. C-MAP worldwide cartography products and services include multiple formats for lakes, coasts, and oceans.
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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’.
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io. Initially, he focused on the production of radio communications for fishing vessels. A few years later, he coined the name Simrad to encompass a wider range of activities – namely the design and manufacture of navigation, communication, auto-steering, and fish-finding technologies.
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sector. Over the past seventy years, they have developed systems for commercial vessels offering a range of radar systems, auto steering, navigation, and safety products for vessels of all sizes, from small vessels on inland waterways to larger coastal commercial and passenger craft.
269:, 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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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
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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
292:, formerly Brookes and Gatehouse, was founded over 60 years ago and manufactures sailing electronics for cruising and racing yachts. B&G systems are used by professional race boats as well as amateur club racers and sailing superyachts. The
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in 2005, creating Simrad
Yachting. Simrad Group and Simrad Yachting are therefore now entirely independent of each other, with separate owners and distinct product specializations. It was the merger of Simrad Yachting and
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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.
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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.
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result of the takeover by Navico of the marine electronics division of
Brunswick New Technologies Inc in 2007 – into its Simrad Professional line-up, further extending its position in the commercial
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range encompasses chart plotters, navigation equipment, instruments, autopilots, and radar, plus tactical racing software and other performance measurement and analysis.
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Lowrance was founded in Tulsa, Oklahoma in 1957. In 2006, Simrad
Yachting and Lowrance merged in a deal valued at $ 215 million, creating a new company named
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acquired the marine electronics business of Brunswick New Technologies creating the world’s largest supplier of marine electronics for recreational boats.
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C-MAP also provides products and services to the commercial marine sector. The majority of C-MAPs products and services for this sector were sold to
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is a marine electronics company providing navigation, marine instruments and fish finding equipment to both the recreational and
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which, following a decision to focus on the industrial market, sold the Simrad recreational product range to
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Simrad is a manufacturer of marine electronics for the leisure and professional markets. A member of the
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The Simrad name has been in existence for over sixty years. The brand was established in 1947 by
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Baron, Michael. "Lowrance Electronics to be acquired by $ 215M, or $ 37 a share."
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Group, now the largest leisure marine electronics manufacturer in the world.
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family of brands, Simrad develops, manufactures and distributes
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receivers, as well as digital mapping systems. Headquartered in
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598:"Divestment of C-MAP Commercial from Navico | Navico"
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252:In 2003 Simrad Yachting acquired B&G. In 2005
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664:"Simrad buys Lowrance, very, very interesting"
504:"Navico expands manufacturing plant in Mexico"
406:In 1996 the Simrad Group was purchased by the
387:and a wide range of other marine technology.
394:, who set up his own wireless company called
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683:Electronics companies established in 2006
81:Learn how and when to remove this message
723:Norwegian companies established in 2006
549:"Navico appoints new president and CEO"
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419:Inc in 2006 that went on to create the
320:Lowrance is a manufacturer of consumer
215:and B&G serves the sailing market.
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248:21st century: Foundation and expansion
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42:contains text that is written in a
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688:Manufacturing companies of Norway
143:Knut Frostad, President & CEO
662:Ellison, Ben (30 January 2006).
478:"NAVICO BOUGHT BY GOLDMAN SACHS"
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703:Fishing equipment manufacturers
222:Navico has its headquarters in
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718:2021 mergers and acquisitions
698:Companies based in Rogaland
693:Navigation system companies
573:"Brunswick acquires Navico"
502:Editors, Trade Only Today.
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652:Accessed January 29, 2018.
547:Qu, Adam; t (2019-06-27).
235:20th century: Predecessors
93:Marine electronics company
205:commercial marine sectors
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392:Willy Christian Simonsen
577:sailingscuttlebutt.com
412:Altor Equity Partners
274:Brunswick Corporation
169:Brunswick Corporation
63:neutral point of view
55:promotional language
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176:Number of employees
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708:Marine electronics
532:has generic name (
312:in December 2020.
114:Marine electronics
57:and inappropriate
369:marine VHF radios
276:acquired Navico.
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127:Headquarters
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53:by removing
49:Please help
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530:|last=
385:fishfinders
677:Categories
632:2021-04-15
608:2021-04-15
583:2021-06-25
558:2020-05-25
513:2020-05-25
488:2020-05-25
463:2020-05-25
440:References
365:autopilots
361:navigation
139:Key people
51:improve it
522:cite news
363:systems,
417:Lowrance
338:Ensenada
334:Oklahoma
316:Lowrance
272:In 2021
267:Ensenada
224:Egersund
133:, Norway
131:Egersund
111:Industry
18:Lowrance
294:B&G
290:B&G
285:B&G
230:History
185:Website
148:Revenue
119:Founded
421:Navico
398:onsen
381:radars
357:Navico
351:Simrad
345:Navico
280:Brands
201:Navico
190:navico
165:Owners
160:(2018)
97:Navico
330:Tulsa
322:sonar
300:C-MAP
260:2016
534:help
433:DGPS
431:and
324:and
192:.com
122:2006
429:GPS
400:Rad
396:Sim
326:GPS
158:USD
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