Raymarine

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

Competitor eyes Raymarine takeover

Raymarine confirmed it has received two further takeover approaches, including one from a direct competitor, which it says was the highest of the approaches. Last month, the company also announced it had been approached by a third party interested in buying the company. Raymarine officials said in a statement it believes the proposal from its…more

Raymarine unveils spring sales promotion

Raymarine announced its spring product promotion, “Fish Like the Pros,” which runs April 1 through May 31. The promotion offers rebate savings on Raymarine’s C-Series Widescreen Multifunction Displays and HD Digital Sounder Module products. The promotion also celebrates the success of Raymarine’s Pro Ambassador anglers, who have already secured several victories in the 2010 fishing…more

Raymarine receives potential offer

Raymarine today confirmed it has received a “further approach from a third party, which may or may not lead to an offer being made for the entire issue capital of Raymarine at approximately 3.6 pence per share.” That amount is approximately equal to about 5.4 cents U.S. per share. The potential offer, from an unnamed…more

Raymarine in sales talks, but not with Garmin

Raymarine executives announced the company is entering into “exclusive discussions” with a single party over a possible sale, but is no longer in talks with Garmin. “It is envisaged that the proposed transaction will be structured by means of a sale of Raymarine Holdings Limited, a wholly-owned subsidiary of Raymarine, and that, subject to certain…more

Raymarine, Boston Whaler form partnership

  Raymarine was named the exclusive marine electronics supplier to Boston Whaler. Raymarine products are now factory-installed options on 18 of Boston Whaler’s 2010 models. “With a fully-networked electronics suite from Raymarine, our customers will experience even more enjoyment and peace of mind on the water,” said John Ward, president of Boston Whaler, in a…more

Raymarine confirms sale talks with Garmin

Raymarine issued a brief statement today confirming that it is in preliminary discussions with mobile navigation giant Garmin and other parties concerning the possible sale of the British-based marine electronics manufacturer. “The company continues to explore a sale of the business or an equity fund-raising and, in the absence of either of these, to secure…more

Raymarine announces partnership with Ranger Boats

Raymarine is partnering with Ranger Boats to offer electronics packages as factory-installed options on the boatbuilder’s Bay Ranger line of saltwater boats. Raymarine is offering two Flats Class electronics packages on select Bay Ranger boats. The optional Flats Class packages consist of either Raymarine’s new C90 widescreen multifunction display or the new A50D combination GPS/chart…more

Raymarine issues recall of Sport Drive Pilot

Raymarine issued a voluntary recall of its SPX5 Sport Drive Pilot because of a potential component problem with those models sold between February and July 2009. Raymarine says the mechanical clutch assembly on these products could fail, causing the steering of the vessel to lock in one direction, with a possible risk to the safety…more

Raymarine rebate promotion runs through September

Raymarine is offering a special rebate promotion for the company’s A-Series and E-Series multifunction navigation displays. From now through Sept. 30, customers can receive the following rebates: $250 for the E80 high-performance multifunction display, $350 for the E120, and $200 for the A50 GPS/chart plotter and the A50D GPS/plotter/fishfinder. The E-Series displays combine high-speed networking…more

Raymarine tries to shore up its finances

Raymarine says it’s exploring equity fund-raising or a sale of the business, and in the absence of either will seek to secure additional medium-term debt facilities with its banking group. Last month, global sales were “broadly in line” with the expectations, the company said in a statement last week. “In the U.S., sales have remained…more

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