Carnegie Investment Bank Norway is proud to have acted with Goldman Sachs as financial advisors to Navico and its owners Goldman Sachs Asset Management Division and Altor Equity Partners in Navico’s sale to Brunswick Corporation for $1.05bn.
Navico is a leading provider of marine electronics to the recreational segment, selling its products under the Lowrance, Simrad®, B&G, and C-MAP brands, and offering a full range of advanced marine electronics solutions. The product portfolio includes networked display systems, standalone displays, sonars, radars, autopilots, gyros, instruments as well as cartography and software products. Navico has also extended its portfolio of networked products into other areas such as trolling motors, integration and connectivity and digital services.
Carnegie would like to congratulate and thank Knut Frostad, Olivier Bellin, and the entire Navico team for their hard work in securing a highly successful transaction. It has been a pleasure working with you and we are excited to see Navico’s already successful journey continue within the Brunswick family.