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It’s anacquisition battle between two giants in the electronics world, Navico (combining the Lowrance, Simrad and B&G brands) and Garmin. Last year the latter had incorporated Navionics, one of Italy’s top-rated mapping companies. Now Navico “fights back” and announces that it has acquired C-MAP, a worldwide manufacturer of nautical charts and mobile applications for both the recreational and professional fields.
In an electronics market increasingly focused on total integration, this new merger will also bring benefits to boaters because they will be able to count on an even more reliable mapping system and increasing ease of use.
“The union of Navico and C-MAP is an incredible opportunity to drive innovation in the marine industry and mark a new digital era,” said Leif Ottosson, CEO of Navico Group. “We see enormous potential in sharing each other’s know-how and thus accelerating their growth.”
“We are really excited to join forces with Navico,” said Sean Fernback, former CEO of C-MAP and currently CTO of Navico Group. “We now have the opportunity to create an incredible browsing experience by developing an ecosystem that combines the best hardware, software, services and applications available on the market.”
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