Electronics companies merge
Navico and C-MAP are to merge.
The merger of the marine electronics manufacturer and supplier of digital navigation products to the recreational and commercial marine market is effective immediately with C-MAP becoming another 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.
“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.”
Sean Fernback, former CEO of C-MAP and now Navico Group CTO and corporate executive member, added: “We’re incredibly excited to join forces with Navico.
“We now have an opportunity to create a seamless experience by developing an ecosystem that combines the best hardware, software, services and applications.”
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