Navico can today announce the divestment of its C-MAP Commercial business to Lloyd’s Register, a leading international provider of classification, compliance and consultancy services to the marine and offshore industries.
Knut Frostad, Chief Executive Officer of Navico Group, commented on the divestment: “C-Map Commercial is a fantastic business with great potential and this is exciting news for anyone associated with the business. Lloyd’s Register is an ambitious organisation that has a long history in shipping and outstanding relationships with its customers.”
He continued: “This divestment aligns with our broader strategy of focusing on our core business – recreational and light commercial marine. We have a fantastic opportunity to continue growing in this space and COVID-19 has proved that we are operating in a resilient industry! However, it’s vital that we play to our strengths and target growth in the most focussed way possible.
For more information on the divestment, please see the following statement from Lloyd’s Register.