Navico Makes its Commercial Push
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.
Navico Expands Americas Sales Group
Navico — recreational marine electronics company and parent to the Lowrance, Simrad and B&G brands — announced the addition of long-time pro-staffer Chris Meyer to its Volume Boat Builder and OEM sales team. In his new role as Key Account Manager, Chris is responsible for managing OEM sales as well as growing current and prospective boat builder accounts for the Lowrance, Simrad and B&G brands. A long-time member of the Lowrance Pro-Staff team and Product Validation group, Chris has extensive experience supporting dealers…
Navico Reports 2012 Profitability and Market Share
Navico — selling under the Lowrance, Simrad and B&G brands — announced its operational performance results for the fourth quarter and the year ending December 31, 2012. Revenue in the fourth quarter increased by 27% compared to the same period in 2011, ending the year on the same strong note as earlier quarters in 2012. Overall, the revenues for the year were up 15% to MUSD 256.0 in a flat market. This resulted in Navico increasing its global market share by around 4 percentage points, which further strengthens its position as the undisputed leader in recreational marine electronics. The 2012 revenue performance demonstrates increasing strength across all three brands and continues the trend of the previous two years…
Leica Appoints J. Janson As New Rep
Leica Geosystems Inc. has announced the appointment of J. Janson Company as sales representative for the Northeastern United States and Eastern Canada. The territory will extend from Maine to the Carolinas and will include Ontario and Quebec. J. Janson Company will be responsible for selling Leica's MX400, MX412, MX480, MK40 and beacon receivers. Joe Janson, president of J. Janson Company, has over 18 years experience in the marine electronics industry. The company specializes in the sale and application of high seas and recreational marine electronics. J. Janson Company is headquartered in Newport, Rhode Island and can be reached at (800) 466-5693. They also have an additional office in Stevensville, Maryland. That office can be reached at (410) 604-3176.
Kane Appointed Pres. of Rolls-Royce Marine Electrical Systems Division
Rick Kane has been appointed as President of Rolls-Royce's new Marine Electrical Systems business. Kane was formerly President and Chief Executive of Raymarine Ltd, created when he led the management buy-out of Raytheon's recreational marine electronics business.A graduate in business studies from Suffolk University, Boston, MA, Kane initially spent nine years as a Supply Corp officer with the United States Navy before commencing his industrial career as a consultant with KPMG. Subsequently he has gained senior management experience in a number of companies including General Electric (aerospace), Ingersoll-Rand (construction and mining) and Raytheon (aerospace and marine).
