Fusion, a leader in car audio, marine audio and display products, announced that Peter Maire, founder and former CEO of Navman, has increased his financial position in Fusion Electronics and is now the majority shareholder in the company.
Maire provided capital through his investment company, Tahia Investments.
“Fusion Electronics manufacturers the most innovative car and marine audio products on the market,” Maire said in a statement. “In today’s economic climate where retailers are not willing to invest in new ‘me, too’ products, Fusion has been able to make incredible inroads and garner premier showroom shelf space. Our channel partners see the incredible value Fusion products offer their customers.”
“We are thrilled by Mr. Maire’s increased commitment in Fusion,” said Todd Crocker, head of region for Fusion Electronics U.S.A. “He brings a great breathe of experience in the electronics market to Fusion, and his leadership and ideas for the future direction of company will be invaluable.”