McMurdo Sells Lights Division

Monday, June 05, 2006
McMurdo announces the conditional sale of its Survivor Location Lights business to Danish owned company Daniamant Ltd. The move to transfer the manufacture of lifejacket, liferaft and lifebouy lights enables McMurdo to continue its strategic process of focussing on the company’s core technologies, namely the design and manufacture of Cospas/Sarsat satellite location products, including Smartfind EPIRBs, Fastfind PLBs as well as Radar SARTs, Navtex and VHF emergency radios. Following the sale, the lights will continue to be manufactured in Portsmouth by the newly formed Daniamant Ltd. The business transfer will take place over the month of June, with completion by June 30th. McMurdo has commenced a comprehensive product launch programme including the new RNLI Man Overboard MOB Guardian system unveiled at the Glasgow Fishing Expo, May 16th. Other products launched in the past week include the new Colour Display Navtex Nav7, SVDR Float Free black box for commericial ships and the Smartfind EPIRB.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

TORM's CFO Zacho Quits

TORM's Chief Financial Officer (CFO) Mads Peter Zacho has resigned to become Chief Executive Officer of J. Lauritzen A / S. Mads has been with TORM since 2013.

DSME Reveals Additional Self-Restructuring Plan

South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has  revealed an additional self-restructuring plan amid the falling shipbuilding orders.

KOTUG Begins Operations in Mozambique

KOTUG Mozambique has begun exclusive port and terminal towage services with two Rotortugs in the new port of Nacala-a-Velha in northern Mozambique for Nacala Development Corridor (CDN),

 
 
Maritime Careers / Shipboard Positions Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0791 sec (13 req/sec)