Navico and C-Map merge

Author:
Trade Only Today Editors
Publish date:
Jul 2, 2018

Navico and C-Map announced that they have merged. Financial terms were not disclosed.

The parent of Lowrance, Simrad and B&G said C-Map would become a standalone brand in the Navico portfolio, adding that the companies had a “shared ambition” to create the “world’s biggest digital marine ecosystem.”

“This merger is an incredible opportunity to drive innovation in the marine industry and lead a new digital era,” said Leif Ottosson, Navico Group CEO, in the statement. “We see huge potential to bring our two teams together to accelerate growth.”

Sean Fernback, former CEO of C-Map and now chief technology officer of the Navico Group, said the two companies have an opportunity to create a “seamless experience by developing an ecosystem that combines the best hardware, software, services and applications.”

The merger is effectively immediately.

Chaparral

Senior vice president Mike Fafard will now be in charge of manufacturing, in addition to engineering and design

ABYC

Advanced Marine Electrical, the group’s newest certification, is an on-demand, online course outside of scheduled classes

Industry News

The facility in Fano, on the Adriatic Sea, has 236,806 square feet of production space and will employ about 250 people

Getting Technical

Additive manufacturing is rapidly becoming a go-to technology for companies in the marine industry, and while some choose to outsource, others are taking advantage of the rapidly dropping price of 3D printers.

Dealer Outlook

The great strides in water quality that the CWA has created have been a huge benefit to boating, but there’s a lot more that remains to be done.

Industry News

The U.K.- based on-board camera manufacturer aims to leverage its new location in Fort Lauderdale, Fla., to strengthen its position in the U.S. market.