DUCK KEY, Fla. — Navico aims to become an $800 million company as it continues to grow and improve a slew of marine electronics across three brands for both recreational and professional uses, executives of the company said Wednesday at a product presentation event for the media in the Florida Keys.
Navico (Lowrance, Simrad, B&G)
Navico develops, makes and distributes marine electronics for the recreational market and is the parent company of the Lowrance, Simrad Yachting and B&G brands.
Navico opened a two-day event Tuesday night in the Florida Keys that will give marine journalists a chance to learn about and test its new products and technologies under the Simrad, Lowrance and B&G brands.
Navico Holding AS, parent company of the Lowrance, Simrad and B&G brands, announced today that it has acquired Contour Innovations.
Norway-based Navico Holding AS, parent company of the Simrad brand and Consilium AB, announced that Navico has acquired Consilium’s radar business. Navico will assume all operations of the Italian radar business, including research and development, product management and manufacturing. Consilium will continue to sell and service the Consilium Selux radar line, as well as distribute…more
Privately held marine electronics manufacturer Navico has announced its operational performance results for its fourth quarter and all of 2012. The Norway-based company, which sells under the brands Lowrance, Simrad and B&G, said revenue for the quarter that ended Dec. 31 increased by 27 percent from the same period in 2011. Overall, revenue for the…more
Navico, parent company of the Lowrance, Simrad Yachting and B&G brands, announced that it has successfully concluded litigation with ArCzar regarding patent infringement. In December 2011 ArCzar filed a lawsuit against Navico, asserting patent infringement, according to a statement by Navico. Committed to vigorously defend against such suits, Navico’s policy is to refuse speedy cash…more