Digital Marine Solutions said it completed the acquisition of the assets of the marine division of Jeppesen, a Boeing company.
Digital Marine Solutions is owned by the Altor 2003 Fund. Under the terms of the agreement the Jeppesen Marine and C-MAP portfolio will continue to operate as a separate entity under the C-MAP brand name.
Operating with its own dedicated resources and management team, led by CEO Egil Aarstad, the new organization’s immediate focus will be on maintaining sales and service to customers that already purchase from C-MAP/Jeppesen Marine across its recreational, commercial marine and fleet sectors.
Moving forward, the C-MAP management team’s long-term goal will be to grow the company in the rapidly developing digital marine market by delivering an enhanced portfolio and an all-new level of services to the industry.
“The completion of this deal is good news for C-MAP, our customers, our staff and the marine industry,” C-MAP CEO Egil Aarstad said in a statement.
“Our wide variety of customers will see continuity in supply and improvements in the standards of excellence delivered by C-MAP and enjoy continued access to an enhanced range of high-quality electronics navigational charts, information solutions and added value support.”
“We believe that C-MAP is very well positioned to take a leadership position in the dynamic and developing market for digital content and services,” said Leif Ottosson, chairman of Digital Marine Solutions. “We are very excited about future C-MAP partnerships and growth opportunities across both the recreational and commercial marine market.”