World’s largest manufacturer of marine electronics merges with digital navigation supplier
Navico – the world’s largest manufacturer of marine electronics and C-MAP – a leading supplier of digital navigation products to the recreational and commercial marine market – announced that they have merged.
Effective immediately, the global marine navigation technology company will become another powerful brand in the Navico portfolio — alongside Lowrance, Simrad and B&G.
The merger will accelerate the companies’ shared ambition to create the world’s biggest digital marine ecosystem and deliver the best experiences for customers around the world.
“This merger is an incredible opportunity to drive innovation in the marine industry and lead a new digital era,” said Leif Ottosson, CEO, Navico Group. “We see huge potential to bring our two teams together and accelerate growth.”
“We’re incredibly excited to join forces with Navico,” said Sean Fernback, former CEO of C-MAP and now Navico Group CTO and corporate executive member. “We now have an opportunity to create a seamless experience by developing an ecosystem that combines the best hardware, software, services and applications.”
Navico Group develops and manufactures marine electronics and digital services for yachting and commercial use under the brand names C-MAP, Lowrance, Simrad and B&G. Navico’s headquarters are located in Norway and the group has around 1500 employees.