Η NAVICO μέλος του ομίλου Brunswick

Ο αμερικανικός όμιλος Brunswick, έδωσε στην δημοσιότητα την Πέμπτη 24 Ιουνίου, δελτίο τύπου με το οποίο ανακοινώνει την σύναψη της οριστικής συμφωνίας για την προσχώρηση της Navico στον όμιλο των εταιριών της BRUNSWICK.

Η Brunswick, o ηγετικός αμερικανικός όμιλος που εσωκλείει κάτω από την ομπρέλα της αρκετά γνωστά ναυπηγεία καθώς επίσης και τις εξωλέµβιες µηχανές Mercury Marine και τους ναυτικούς κινητήρες Mercury MerCruiser ανακοίνωσε ότι έχει συνάψει οριστική συμφωνία για την εξαγορά της Navico, παγκόσμιου ηγέτη στον τομέα των ηλεκτρονικών θαλάσσιων ηλεκτρονικών και αισθητήρων για 1,05 δισεκατομμύρια δολάρια.

Ως αποτέλεσμα αυτής της εξαγοράς, η Brunswick θα προσθέσει τις εταιρείες του κλάδου Lowrance, Simrad, B&G και C-MAP στο Advanced Systems Group (ASG), το οποίο περιλαμβάνει τις κορυφαίες μάρκες ανταλλακτικών & αξεσουάρ.

Η Navico προσφέρει μια γκάμα προϊόντων, συμπεριλαμβανομένων οθονών πολλαπλών λειτουργιών, εργαλείων εύρεσης ψαριών, αυτόματων πιλότων, σόναρ και ραντάρ, με μάρκες όπως Lowrance, Simrad, B&G και C-MAP. Δημοσίευσε έσοδα περίπου 470 εκατομμυρίων δολαρίων για 12 μήνες ως τις 31 Μαΐου και ανήκει από κοινού στο επενδυτικό ταμείο Altor Fund IV και Goldman Sachs Asset Management.

Μετά το κλείσιμο της συμφωνίας το δεύτερο εξάμηνο του 2021, η εταιρεία θα είναι μέρος της επιχείρησης ανταλλακτικών και αξεσουάρ του ομίλου Brunswick, η οποία αντιστοιχεί περίπου σε 1,5 δισεκατομμύρια δολάρια, ή 35%, των εσόδων της από το 2020.

“Η απόκτηση της Navico και των βραβευμένων εμπορικών σημάτων της θα επιταχύνει αμέσως τη στρατηγική της Brunswick και θα υποστηρίξει το όραμά μας να παρέχουμε ξεχωριστά νέα προϊόντα και εμπειρίες με τεχνολογία”, δήλωσε ο Dave Foulkes, Διευθύνων Σύμβουλος της εταιρείας Brunswick.

«Θα συνεχίσουμε να επενδύουμε τόσο σε οργανικές πρωτοβουλίες όσο και σε εξαγορές για να διατηρήσουμε τη θέση μας στην παγκόσμια ηγετική θέση προϊόντων, και η προσθήκη Lowrance, Simrad, B&G και C-MAP στο υπάρχον χαρτοφυλάκιο επωνυμιών μας θα ενισχύσει περαιτέρω την ικανότητά μας να παρέχουμε πλήρη, καινοτόμες ψηφιακές λύσεις για τους καταναλωτές και ολοκληρωμένες, ολοκληρωμένες προσφορές συστημάτων στους πελάτες OEM.”

Διαβάστε τα σχετικά Δ.Τ : 

Press Release at Brunswick.com
Press Release from Altor
Press Release from Goldman Sachs Asset Management

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Brunswick to Acquire Navico; Will Enhance Leadership Position in Marine Technology and Strengthen Global Parts & Accessories Business

METTAWA, Ill. June 24, 2021 – Brunswick Corporation (NYSE: BC) today announced that it has entered into a definitive agreement to acquire Navico, a global leader in marine electronics and sensors for $1.05 billion. As a result of this acquisition, Brunswick will add the industry leading brands of Lowrance, Simrad, B&G, and C-MAP to its Advanced Systems Group (ASG), which includes the leading Parts & Accessories (P&A) brands in power management, digital control and monitoring, and networked devices.

“The acquisition of Navico and its award-winning brands will immediately accelerate Brunswick’s ACES (Autonomy, Connectivity, Electrification and Shared-Access) strategy, and support our vision to deliver distinctive new products and technology-enabled experiences,” said Dave Foulkes, Brunswick Corporation CEO.  “We will continue to invest both in organic initiatives and acquisitions to maintain our position of global product leadership, and the addition of Lowrance, Simrad, B&G and C-MAP to our existing brand portfolio will further strengthen our ability to provide complete, innovative digital solutions to consumers and comprehensive, integrated systems offerings to our OEM customers.”

Navico is a privately held global company based in Egersund, Norway and co-owned by Altor Fund IV and Goldman Sachs Asset Management.  It is a leading provider of multi-function displays, fish finders, autopilots, sonar, radar, and cartography. Navico’s strong brands serve most major powerboat and sailing markets for both recreational and commercial applications.

Navico’s revenues totaled approximately $470 million for the trailing 12-month period ended May 31, 2021, with attractive revenue growth, a strong margin profile, and a capital efficient business model. Brunswick’s P&A segment accounts for about $1.5 billion – or 35 percent of total 2020 annual revenues. With the addition of Navico, Brunswick expects its P&A businesses to have revenues on a run-rate basis exceeding $2.0 billion. Navico’s significant aftermarket orientation and attractive margin profile further add to Brunswick’s cycle resistant business profile.

“After a strong period of growth, we are very excited about joining the Brunswick family to further strengthen our offering and support our customers going forward.” said Knut Frostad, Navico’s President & CEO. “On behalf of everyone at Navico, we cannot wait to begin our journey with Brunswick and share our passion and dedication with their team. By working together, we will be able to deliver a unique and integrated customer experience.”

“Brunswick’s Advanced Systems Group has unparalleled global reach and the addition of Navico solidifies our commitment to creating an unmatched boater and OEM experience,” said Brett Dibkey, Advanced Systems Group president. “We have a very broad product portfolio, ranging from general marine products to power management solutions and we will leverage the unique expertise of each brand to generate revenue and operating synergies to promote growth for both ASG and Navico.  We are also adding a talented, experienced, and consumer-focused management team, which is expected to remain in place and play a major role in the execution of our strategy.”

Brunswick will be using a combination of debt and cash on its balance sheet to fund the acquisition.  Brunswick remains committed to maintaining its investment grade credit rating and at close expects its debt-to-EBITDA ratio to be approximately 1.7x on a gross basis.

J.P. Morgan Securities LLC served as exclusive financial advisor to Brunswick Corporation and is providing committed financing; Baker McKenzie and Schjødt are serving as legal counsel to Brunswick Corporation on the transaction.

Goldman Sachs Bank Europe SE, Sweden Bankfilial, and Carnegie acted as financial advisors to Altor, Goldman Sachs Asset Management and Marine Innovations Group AS; Sullivan & Cromwell and Wiersholm provided legal advisory services on the transaction.

The closing of the transaction is anticipated during the second half of 2021 and is subject to usual and customary closing conditions as well as regulatory review and approval.

For More Information

Read Press Release at Brunswick.com

Read Press Release from Altor

Read Press Release from Goldman Sachs Asset Management

About Brunswick

Headquartered in Mettawa, Ill., Brunswick Corporation’s leading consumer brands include Mercury Marine outboard engines; Mercury MerCruiser sterndrive and inboard packages; Mercury global parts and accessories including propellers and SmartCraft electronics; Advanced Systems Group, which includes industry-leading brands like MotorGuide, Attwood, Mastervolt, Blue Sea Systems, CZone, and ASG Connect system integrators; Land ’N’ Sea, BLA, Payne’s Marine, Kellogg Marine, and Lankhorst Taselaar marine parts distribution; Mercury and Quicksilver parts and oils; Bayliner, Boston Whaler, Crestliner, Cypress Cay, Harris, Heyday, Lowe, Lund, Princecraft, Quicksilver, Rayglass, Sea Ray, Thunder Jet and Uttern boats; Boating Services Network, Freedom Boat Club and Boat Class.  For more information, visit brunswick.com.

About Navico

Navico is a leading marine electronics company selling products under the Lowrance®, Simrad®, B&G®, and C-MAP®, brands and with 239 years of combined heritage. Navico has 2,000 employees globally and distribution in more than 100 countries worldwide. For more information, visit navico.com.

 About Goldman Sachs Asset Management

Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market—overseeing more than $2 trillion in assets under supervision worldwide as of March 31, 2021. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Follow us on LinkedIn.

About Altor
Since inception, the family of Altor funds has raised some EUR 8.3 billion in total commitments. The funds have invested in excess of EUR 5 billion in more than 75 companies. The investments have been made in medium sized companies in Northern Europe with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Dustin, CTEK, Eleda, OX2, RevolutionRace, Rossignol, SATS, and Trioworld. For more information, please visit www.altor.com.