Other

Marine industry technology news ranges from engine and other product debuts to reports of executive promotions and interviews with CEOs.

Group makes offer to buy Dometic

EQT V, a European private equity group, submitted an offer to acquire Dometic Group from a consortium of lenders, the board of directors and employees of Dometic Group. The deal is worth an estimated 12 billion Swedish kronor (about $1.8 billion). The deal is subject to approval by what is called an extraordinary general meeting…more

MIAMI: Volvo Penta, Garmin to join on product offerings

MIAMI – AB Volvo Penta and Garmin Ltd. entered into a joint development and marketing strategic alliance to provide instrumentation, navigation and communication equipment for marine use, the companies announced at the Miami International Boat Show. Volvo Penta and Garmin will jointly develop the equipment, which will be marketed in a complete customer offer for…more

Suzuki adds marine accessories online

The American Suzuki Motor Corp. announced the addition of marine accessories to its online store, available at SuzukiMarine.com, expanding its online program beyond the motorcycle and ATV categories. Using Shopatron’s retail-integrated eCommerce solution, Suzuki will strengthen partnerships with its dealers by assigning online orders of marine accessories to local authorized dealers. Consumers can choose to…more

Lowrance announces rebate promotion

Lowrance announced a limited-time HDS Ultimate Upgrade Sales Event, which provides cash rebates on its High Definition System line and compatible products. Rebates are available through March 27 to consumers who purchase qualified Lowrance marine electronics from an authorized dealer. “This extensive promotion provides significant savings on our top-selling HDS line and its popular radar,…more

Yanmar debuts high-torque diesel

Yanmar is introducing a compact 4.46 L, twin-turbo V-8 diesel engine. EPA Tier 3-compliant, the 8LV is offered in 320-hp and 370-hp models at a dry weight of 992 pounds. This high-torque engine produces a broad power range, from 550 rpm at idle to 3,800 at the top end. Drive systems include the KMH50 series…more

Cummins reports 4Q, year-end results

Cummins reported record profits for all of 2010, as well as record quarterly sales and profits for the fourth quarter. Fourth-quarter sales were $4.14 billion, up 22 percent from $3.4 billion during the same period in 2009. Earnings before interest and taxes were $541 million, or 13.1 percent of sales, a 41 percent increase from…more

Aqualuma raises money for Australian flood relief

In the wake of devastating floods in Queensland, Australia, Aqualuma announced it will donate $10 for every “underwater light” sold worldwide in the first quarter of 2011. The funds will be donated to the “Premiers Flood Relief Appeal.” “We are a proud Queensland company and this is our way of doing something for this great…more

Marine hardware company receives innovation grant

A marine hardware company in Mystic, Conn., is among the first 10 companies in the state to receive grants through a stimulus program. Tylaska Marine Hardware received $25,000 through the Small Business Innovation and Diversification Program, which is funded with $500,000 to help Connecticut’s small businesses develop, produce and get new products into the marketplace,…more

SmartPlug Systems seeks to expand

Seattle-based SmartPlug Systems is seeking strategic partnerships to help expand its ETL Listed line of electrical products into all markets worldwide. SmartPlug is evaluating partnerships with industry leaders because of increasing interest and demand for existing products in many new industry sectors and market verticals. Since the plug and connector were approved, sales have grown…more

Cummins to build plant in Turkey

Cummins will break ground early next year on a multiphased manufacturing site at the Aegean Free Trade Zone in Izmir, Turkey. The Columbus, Ind.-based company first plans to build a filtration manufacturing plant and will follow with a facility to produce alternators for its power-generation business. Production is expected to begin in early 2012 and…more

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