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Due to reorganizations in 1993 and 1998, the current Raymarine - at the time still under the name of the parent company - was created. In January 2001, Raymarine was formed when the division was acquired in a management buy-out backed by Hg. [4] In December 2004 the company was floated on the London Stock Exchange quadrupling Hg's investment. [5]
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In May 2010, the company acquired bankrupt Raymarine for $180 million. [35] [36] In December 2012, the company acquired Lorex Technology for $60 million. [37] Lorex was sold to Dahua Technology in 2018 for $29 million. [38] In May 2013, Andrew C. Teich was appointed President & CEO after the retirement of Earl Lewis. [39] [21]
Simrad's is called SimNet, Raymarine's is called SeaTalk NG, Stowe's is called Dataline 2000, and BRP's is called CZone. Some of these, such as SimNet and Seatalk NG, are a standard NMEA 2000 network but use non-standard connectors and cabling; adapters are available to convert to standard NMEA 2000 connectors, or the user can simply remove the ...
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In 2003 Simrad Yachting acquired B&G. In 2005 Altor 2003 Fund acquired Simrad Yachting AS from Kongsberg Group. In 2006 Altor 2003 Fund acquired Lowrance Electronics. Also in 2006, Navico was created through the merger of Simrad Yachting and Lowrance Electronics by their common owners, Altor Equity Partners, a Swedish private equity firm.
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