Electronics Mergers
Author:
Staff This spring proved to be the season of mergers and acquisitions in the marine electronics business.
Laptop Battery In February, Nobeltec and Nautical Software jointly announced their intentions to merge. Both companies were founded in the early 1990s and are known for their computer-based navigation software products.
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Thinkpad The resulting company will operate under the title "Nobeltec Nautical Software," and though no changes in product are expected in the coming months, future product releases will likely incorporate the strengths of both Nobeltec's Visual Navigation Suite and Nautical Software's Chartview product lines.
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Microsoft A month later, GPS powerhouse Magellan announced it had merged and assumed control over Lowrance Electronics of Tulsa, Oklahoma. The transaction will create a nearly $150-million satellite-based consumer and recreational electronics business under the Magellan banner, according to David W. Thompson, CEO of Orbital Sciences Corporation, Magellan's parent corporation.
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"This acquisition reflects our strategy of growing Magellan through market expansion and acquisition of compatible technology companies," Thompson said.
