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Altor 2003 Fund News

12 Jul 2016

Navico Under New Ownership

Leif Ottosson (Photo: Navico)

Navico – a provider of marine electronics and parent company to the Lowrance, Simrad, B&G and GoFree brands – announced that Goldman Sachs Merchant Banking Division and Altor Fund IV have partnered and signed an agreement to acquire Navico from the Altor 2003 Fund. Navico is an innovative force within the recreational and commercial marine electronics market and has a rich history of investment in research and development. In the last two years, the company developed such technologies as the HALOTM Pulse Compression Radar technology…

02 Jun 2016

DMS Acquires Jeppesen's Marine Division from Boeing

Egil Aarstad

Digital Marine Solutions (DMS) has completed acquisition of the assets of the Marine Division of Jeppesen, a Boeing company. Digital Marine Solutions is owned by the Altor 2003 Fund. Under the terms of the agreement the Jeppesen Marine and C-MAP portfolio will continue to operate as a separate entity under the C-MAP brand name. Operating with its own dedicated resources and management team lead by CEO Egil Aarstad, the new organization’s immediate focus will be on maintaining sales and service to customers that already purchase from C-MAP/Jeppesen Marine across its Recreational…

23 May 2016

Navico Makes its Commercial Push

Halo Radar (Image: Navico)

Marine electronics group Navico, a literal ‘house of brands’ for the recreational, sail, power and commercial marine markets, is making a strong push in the commercial sector with its Simrad brand. The ascension of Navico in recreational marine electronics business – an estimated $1 billion market globally – was fast and furious, growing from roughly 7% of the global market in 2005 to nearly 30% in 2007, standing steady at about 35% today, fueled by a strategy built on the acquisition of strong brands mixed with organic growth.

16 Mar 2016

Digital Marine Acquires Jeppesen's Marine Division

Digital Marine Solutions announced today it has signed a purchase agreement to acquire the marine division of Jeppesen, subject to regulatory approval. Under the terms of the agreement, the former Jeppesen Marine will operate as a separate entity with its own dedicated resources and will trade under the C-MAP brand name. Jeppesen will remain as part of The Boeing Company. Digital Marine Solutions is owned by the Altor 2003 Fund, which is part of the Nordic based Altor family of private equity funds. This strategic acquisition leverages Altor’s experience in the Marine industry, where it also is the majority owner of the Navico house of marine brands.

21 Dec 2010

Alfa Laval Acquires Aalborg Industries

Alfa Laval – a leader in heat transfer, centrifugal separation and fluid handling –signed an agreement to acquire Aalborg Industries Holding A/S for a total cash consideration of $729.6m, on an enterprise value basis, from Altor 2003 Fund, LD Equity and the Company’s management. Aalborg Industries has some 2,600 employees and is expected to generate sales of about $481.5m in 2010. The acquisition will be accretive to EPS from 2011. The closing of the transaction is subject to clearance from regulatory authorities. Headquartered in Aalborg, Denmark, the company is a provider of products, systems and service solutions, today mainly to the marine and off-hore markets, but it also has an increasing exposure to the power industry as well as to other industrial end markets.

31 Jan 2006

Simrad Yachting Acquires Lowrance Electronics

Simrad Yachting AS and Lowrance Electronics, Inc. shares of Lowrance for USD 37.00 per share. January 27, 2006. merger at the same price. subject to any financing conditions. merger, Lowrance will become a wholly owned subsidiary of Simrad Yachting. stockholders tender their shares into the tender offer. and GPS navigation systems segments of the market. the automotive and aviation markets. leisure boats and smaller commercial vessels. electronics and defense company.