Digital Solutions acquire Marine Jeppesen Marine Division
Digital Marine Solutions today announced it has signed a purchase agreement to acquire the marine division of Jeppesen, subject to regulatory approval by the authorities.
Under the terms of the contract, the former Jeppesen Marine Division will operate as a separate with their own unique resources and will trade under the trademark C-MAP branded entity. Jeppesen will remain part of The Boeing Company.
Digital Marine Solutions is owned by Altor Fund 2003, which is part of the family of Altor private equity funds, Nordic origin. This strategic acquisition leverages Altor experience in the marine industry, which is also majority owner of the house Navico brands in the marine sector. Digital Marine Solutions ensure that Navico and other third – party electronics manufacturers continue to have access to the portfolio of products C-MAP for both the recreational marine sector and the commercial. Over time Digital Marine Solutions will develop the capabilities and sales of C-MAP by offering better cards, digital content and services.
“Jeppesen Marine division is one of the major players in the electronic navigation and value – added services for recreational and commercial marine industry , ” said Leif Ottosson of , future president of the acquiring company. “We look forward to working with the team Jeppesen Marine Division to create innovations and continue working with existing customers of the division to make your business digital and grow even more.”
“This is good news for the industry of marine electronics for the Navy personnel division of Jeppesen and their customers as they continue to offer products and services of high quality C-MAP, which maintain diversity in the market , “said James Detar , director of Light marine portfolio in Jeppesen marine division.
“We believe that with the vision and values of Digital Marine Solutions can improve our portfolio and provide better service to our customers , ” said Egil Aarstad , director of Solutions trips Jeppesen Marine Division.
Subject to regulatory approval by the authorities, it is expected that the transaction is completed by the end of the second quarter of 2016.