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
Explore More
Related Acquisitions
-
NAVTOR Acquires Ingenium Marine
March 15, 2022
Software
NAVTOR, an Accel-KKR portfolio company, has acquired Ingenium Marine, a Mumbai-based software provider of digital marine logbooks and compliance solutions. Ingenium's digital logging will be integrated into NAVTOR's e-Navigation and performance suite to digitize vessel logs, improve regulatory compliance and enable real-time data sharing between ships and shore. The deal is an add-on acquisition that expands NAVTOR's product capabilities in smart shipping.
-
Navio Networks Acquires Subrosa Digital
September 23, 2024
Marketing & Advertising
Navio Networks, a CTV/FAST channel operator, has agreed to acquire Subrosa Digital, a full-service digital marketing and consulting agency, in a cash-and-stock deal expected to close by September 27. The acquisition adds AI-powered content creation, targeted marketing services, and direct ad sales capabilities to Navio's FAST channel offering to drive viewership and monetization for content owners.
-
Vision Marine Technologies Acquires Nautical Ventures Group
June 23, 2025
Retail
Vision Marine Technologies (NASDAQ: VMAR) acquired Nautical Ventures Group, a Florida-based recreational boat dealership, marina, and service provider operating nine retail locations. The acquisition gives Vision Marine direct retail and service distribution for its E-Motion high-voltage electric propulsion systems and expands the company's direct-to-consumer sales, installation, and aftermarket service capabilities.
-
Garmin Acquires Vesper Marine
January 3, 2022
Manufacturing
Garmin Ltd. has acquired Vesper Marine, a privately-held Auckland-based maker of AIS, VHF and vessel monitoring solutions, including the Cortex integrated communications system. The acquisition will expand Garmin's marine communications and situational awareness product portfolio; financial terms were not disclosed.
-
Norvestor Acquires Kongsberg Maritime's Steering Gear and Rudder Business to Form Neuver Maritime
March 3, 2025
Manufacturing
Norvestor IX has completed the acquisition of Kongsberg Maritime's steering gear and rudder business and established the new company Neuver Maritime. The carve-out, headquartered in Brattvåg, Norway with ~160 employees, positions Neuver as a dedicated lifecycle partner for maneuvering solutions with a focus on aftermarket, service and product expansion under Norvestor ownership.
-
MarineMax Acquires Nisswa Marine
July 1, 2021
Retail
MarineMax, Inc. acquired Nisswa Marine, a full-service Midwest boat dealer headquartered in Nisswa, Minnesota, strengthening its storage and service offerings in the region. Nisswa generated over $35 million in revenue in 2020 and will continue to be operated by the Wiczek family leadership team under MarineMax ownership.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.