Brunswick Corporation Acquires Navico for $1.05 Billion
June 24, 2021
Brunswick Corporation has entered into a definitive agreement to acquire Navico, a Norway-based leader in marine electronics and sensors, for $1.05 billion. The deal adds the Lowrance, Simrad, B&G and C-MAP brands to Brunswick's Advanced Systems Group, strengthening its parts & accessories and marine-technology capabilities and accelerating Brunswick's ACES strategy.
- Buyers
- Brunswick Corporation
- Targets
- Navico
- Sellers
- Altor Fund IV, Goldman Sachs Asset Management, Marine Innovations Group AS
- Industry
- Manufacturing
- Location
- Rogaland, Norway
- Transaction Type
- Buyout
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