ABOUT US
Navico is a specialist marine electronics company; its brands operate in navigation, fishfinding equipment and trolling motors, and value-added applications for the marine industry. With seven decades of developing, designing and manufacturing industry-leading products, our heritage in the industry remains unrivalled.
OUR VISION & MISSION
Our vision is to lead marine electronics with outstanding solutions for performance, safety and enjoyment on the water. Our focus on making boating safer, easier and more rewarding has resulted in the release of a number of world leading products. Innovation is at the heart of Navico’s business model and culture, this is coupled with an unprecedented product launch schedule that enables us to deliver real benefits to consumers across a broad range of recreational boating activities. Our mission is to achieve sustainable growth, continue to enhance the boating experience, deliver an unrivaled ecosystem and increase brand loyalty.


Navico Timeline



OWNERSHIP
Goldman Sachs Merchant Banking and Altor Fund IV acquire Navico and Digital Marine Solutions from the Altor 2003 Fund. In July 2016 Goldman Sachs Merchant Banking Division and Altor Fund IV signed an agreement to acquire Navico Holding AS (Navico) and Digital Marine Solutions Holding AS (Digital Marine Solutions), owner of Jeppesen Marine, from the Altor 2003 Fund. Navico was created from the acquisitions of Simrad-Yachting (owner of B&G), Lowrance Electronics and Brunswick New Technologies. The company has worked systematically to integrate the three companies, consolidating seven brands into three (Simrad Yachting, B&G and Lowrance), six factories into one and building one common technology platform. As a result, Navico has been driving innovation in its industry and has steadily grown its market share since 2009. In 2017 Navico acquired C-MAP. Navico has also become the most profitable player in its industry, with 2018 Revenues of USD 373 million.
ABOUT ALTOR
Since inception, the family of Altor funds has raised some EUR5.8 billion in total commitments. The funds have invested in excess of EUR3.6 billion in more than 40 companies. The investments have primarily been made in medium sized Nordic companies with the aim to create value through growth initiatives and operations improvements. Among current and past investments are Spectrum, Skandiabanken, SATS/Elixia, Helly Hansen, Rossignol and Lindorff. For more information visit:
ABOUT GOLDMAN SACHS MERCHANT BANKING DIVISION
Since 1986, the Merchant Banking Division of Goldman Sachs has raised over USD140 billion of capital in equity, credit and real estate funds to invest in a variety of geographies, industries and transaction types. With Merchant Banking representatives in six countries around the world, Goldman Sachs is one of the largest managers of private capital globally, offering deep expertise and longstanding relationships with companies, investors, entrepreneurs and financial intermediaries. Goldman Sachs is leading global investment banking, securities and investment management firm that provides a wide range of financial services to substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centres around the world. Further information on Goldman Sachs can be found on the website:

