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Navico acquires Norway-based data systems company - Trade Only Today

Navico acquires Norway-based data systems company

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Navico Holding AS, the parent company to Simrad navigational marine electronics, acquired Maritime Information Systems A/S, or Maris, from The Grieg Group.

Maris supplies data to the commercial maritime sector related to navigation, voyage optimization and voyage monitoring, with more than 10,000 navigation systems delivered.

The acquisition continues Navico’s investment in the commercial marine sector.

Combining Maris’ capabilities in telematics solutions for deep-sea vessels with Navico’s GoFree on-board wireless and telemetry solutions and digital services for recreational and small commercial vessels will establish the company as a leader for telematics and big data solutions, the company said.

Additionally, Maris brings a service network of more than 70 locations and more than 100 certified Electronic Chart Display Information System training centers worldwide to Simrad’s network of more than 150 certified dealers.

“The commercial marine market is a strategic priority for our growth ambitions and we intend to continue to make a substantial impact within this sector,” Navico Holding AS president and CEO Leif Ottosson said in a statement. “Few marine electronics companies today are investing as much as Navico. We see tremendous opportunity for innovation and consolidation in this industry. Adding Maris to the Navico Group strengthens our strategy to achieve those ambitions.”

Maris CEO Ole Berg said the group will benefit from Navico’s cost-effective hardware platform.

“We also believe that we can add valuable web-based services to already existing digital services of Navico,” Berg said. “This acquisition will also offer an attractive opportunity for our employees to become a key part of a larger successful organization in our current market.”

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