Geekzone: technology news, blogs, forums
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Brunswick completes purchase of Navman
Posted on 3-Jun-2004 18:41. | Tags Filed under: News.

Brunswick Corporation has purchased the remaining 30 percent of Navman NZ Limited stock that it did not already own for total consideration of approximately US$33 million (NZ$52 million), paid in equal amounts of cash and shares of Brunswick common stock. Brunswick acquired 70 percent of the stock of Navman in June 2003.

"We are extremely pleased to have completed this transaction. It has always been our intent to acquire the remaining stock of Navman as we are fervent believers in the company's abilities and potential," explained Brunswick Chairman and Chief Executive Officer George W. Buckley. "This belief has been reinforced during the past year as Navman's strong performance has given us an indication of what Brunswick and Navman can do together."

"Further, as we believe the best is yet to come, we want to stay the course with Navman," Buckley continued. "New Zealand will remain Navman's home, with Peter Maire and all of Navman's experienced and accomplished management team remaining in place. There also will be no changes for Navman's workforce, which has grown by about 25 percent, or 130 jobs, worldwide in the past year. More than half of that job growth has been in New Zealand, with the remainder in markets where Navman is expanding its global presence."

More information:

comments powered by Disqus

Trending now »

Hot discussions in our forums right now:

Rise of the machines
Created by Rikkitic, last reply by Rikkitic on 25-Oct-2016 09:53 (39 replies)
Pages... 2 3

Galaxy Note 7 Announcement and Owners' Thread
Created by eracode, last reply by ibuksh on 25-Oct-2016 08:39 (1189 replies)
Pages... 78 79 80

Sony XZ Owners discussion
Created by networkn, last reply by scottjpalmer on 25-Oct-2016 01:23 (109 replies)
Pages... 6 7 8

Gigabit cable now available
Created by sub, last reply by SteveC on 24-Oct-2016 22:51 (61 replies)
Pages... 3 4 5

Kiwibank Platinum by fees not by service?
Created by joker97, last reply by openmedia on 22-Oct-2016 11:23 (22 replies)
Pages... 2

Are the Fritzbox Actually Any Good?
Created by Kopkiwi, last reply by sidefx on 23-Oct-2016 10:20 (10 replies)

'Unlimited National Traffic'
Created by MikeAqua, last reply by Nil Einne on 21-Oct-2016 20:54 (20 replies)
Pages... 2

LAX transit times
Created by afe66, last reply by sbiddle on 21-Oct-2016 16:25 (10 replies)