Navico Acquires Consilium Radar Business
Navico Holding AS, parent company to the Simrad brand and Consilium AB, has acquired Consilium’s radar business. As part of the transaction, Navico takes over all operations of the radar business in Italy, including research and development, product management and manufacturing.
“The professional marine market is a strategic priority for our growth ambitions,” said Leif Ottosson, president & CEO of Navico Holding AS. “With the acquisition of Consilium’s radar business and the sales and distribution agreement, we will obtain a very strong proven technology and product portfolio to drive our continued expansion and success within this sector.”
Navico and Consilium have also entered into a sales and distribution agreement. Under the terms, Consilium will continue to sell and service the Consilium Selux radar line as well as distribute Navico’s complete portfolio of Simrad Professional products throughout its global sales and distribution network.
This strategic acquisition further secures Navico’s position at the forefront of professional marine electronics by adding top quality radar products and competencies to its Simrad Professional range of products.
As part of this acquisition, Navico adds a highly talented team of professional radar experts from design to manufacturing and sales to its core staff. The Consilium research and manufacturing facilities in Italy, with over 50 years of radar experience, are now also part of Navico.
www.navico.com
http://pro.simrad-yachting.com
http://consilium.se/marine-safety/navigation