Raymarine

Raymarine, a unit of FLIR Systems Inc., is a maker of recreational marine electronics that include marine radar, multifunction displays, fishfinders and autopilots.

Navionics teams with Raymarine for mobile technology

Raymarine and Navionics announced the availability of the latest version of Navionics Mobile with plotter-sync technology. It enables the wireless exchange of navigation data between Raymarine’s E-Series Widescreen and G-Series navigation displays and devices such as the iPhone, iPod Touch and iPad. Waypoint locations, favorite fishing spots and route plans instantly can be synchronized using…more

Raymarine extends warranty

Raymarine is offering a new three-year warranty. All new products will be eligible for a three-year warranty at no additional cost. When users register their new products online, the standard two-year warranty is extended free for an additional 12 months. “This new three-year warranty program demonstrates Raymarine’s confidence in the high standards of quality and…more

Raymarine unveils quick-replacement program

Raymarine recently introduced its Rapid Care Warranty Service program. Designed to get customers back on the water faster, the program promises the fast return of replacement product during the first year of the product’s warranty, the company said. In the event a Raymarine product requires service during the first year of the standard warranty period,…more

Raymarine renews partnership with ABA

Raymarine announced the renewal of its long-standing Preferred Supplier of Choice agreement with the American Boatbuilders Association. Raymarine has been an ABA Preferred Supplier since 2002, providing members with high-performance multifunction displays, radars, echo sounders, autopilots and VHF radios. “We are proud of our continued successful partnership with ABA and remain committed to delivering the…more

FLIR Systems acquires Raymarine

FLIR Systems announced today it has entered into a definitive agreement with the administrator of Raymarine plc to acquire all of the outstanding shares of its wholly owned subsidiary, Raymarine Holdings Limited. The transaction value of approximately $180 million includes repayment of all of Raymarine’s indebtedness and approximately $24 million in proceeds to Raymarine plc,…more

Waiver of covenants denied; administrator appointed to Raymarine

Raymarine issued a statement regarding the appointment of an administrator to Raymarine plc. The statement reads in full: “As announced earlier today, Raymarine’s banking syndicate informed the company late last night that they were not willing to grant a further waiver of its current non-compliance with its covenants. “The company has now received a formal…more

Bidder pulls back from Raymarine negotiations

Raymarine announced that the “third party” it was in negotiations with to purchase the company has said it is “no longer willing to proceed with that transaction.” UPDATE: Click here for updated news on the Raymarine proceedings. “It has, however, informed Raymarine’s banking syndicate that if Raymarine were to enter into administration it would be…more

Raymarine urges ‘no action’ on Garmin offer

Raymarine confirmed today it remains in “advanced discussions” with a third party regarding the sale of the company, and urged its shareholders to “take no action” regarding Garmin’s offer. Garmin announced Wednesday that it made a cash offer of 15 pence (23 cents) per share to acquire Raymarine plc. The transaction remains subject to shareholder…more

042210_Raymobile

Raymarine debuts its mobile showrooms

Raymarine is taking its products on the road this spring. The company announced that the Raymobile mobile showrooms have started their 2010 tour, traveling to retailers, dealers and fishing events around the United States, according to a recent press release. “This year we’re expanding the Raymobiles’ routes to include the Great Lakes region and West…more

Raymarine continues to weigh offers

Raymarine announced Tuesday that one of three approaches for the entire issued share capital of the company was changed. Following a March 11 announcement by the board of Raymarine that it had received an approach for the entire issued share capital (at approximately 5.54 cents per share) of the company, the Raymarine board announced April…more

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