Geekzone: technology news, blogs, forums
Guest
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: http://www.navman.com...

comments powered by Disqus




Trending now »

Hot discussions in our forums right now:

Tivo CGA Claim October 2017
Created by minimoke, last reply by tdgeek on 23-Mar-2017 10:55 (368 replies)
Pages... 23 24 25


The President Of The USA: Donald Trump
Created by TimA, last reply by JayADee on 22-Mar-2017 22:41 (3600 replies)
Pages... 238 239 240


TiVo Service ending on 31 October 2017
Created by Riggleby, last reply by blakamin on 22-Mar-2017 22:00 (542 replies)
Pages... 35 36 37


Credit card charged without notification.
Created by Michaelfjs, last reply by PaulBags on 22-Mar-2017 18:46 (41 replies)
Pages... 2 3


Surveillance - if you have nothing to hide, you have nothing to fear
Created by Dynamic, last reply by Rikkitic on 19-Mar-2017 18:42 (100 replies)
Pages... 5 6 7


Is Dolby Atmos the Audio Equivalent of 3D TV?
Created by Maxcat, last reply by Dunnersfella on 22-Mar-2017 20:40 (19 replies)
Pages... 2


NZ Post putting up prices
Created by timmmay, last reply by freitasm on 22-Mar-2017 21:42 (16 replies)
Pages... 2


Decent quality media player
Created by ajw, last reply by lchiu7 on 22-Mar-2017 19:01 (15 replies)