Advisory Services
Brunswick to Acquire Navico for $1B
Brunswick Corporation entered into a definitive agreement to acquire Navico for $1.05 billion, bringing to Brunswick's Advanced Systems Group (ASG) well-known marine electronics brands such as Lowrance, Simrad, B&G and C-MAP."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.
Exova Warringtonfire Welcomes Chinese Delegation
Exova Warringtonfire hosted a delegation of senior representatives from the China Cruise and Yacht Industry Association (CCYIA) on Friday, September 7, 2018, to discuss providing testing and certification services to Chinese suppliers of interior materials and products for Chinese-built passenger ships. Exova Warringtonfire is part of Element Materials Technology (Element), a world-class global testing partner.The meeting was proposed by the Department for International Trade…
Piracy Offshore Africa: Securing a Continent
The late Nelson Mandela once said: “I dream of an Africa which is in peace with itself.” At the EU-Africa summit in Brussels last month, European leaders urged their African counterparts to facilitate that dream by shouldering more of the security burden in their countries, both onshore and offshore. The summit coincided with reports of renewed piracy activity in the Gulf of Aden; ongoing attacks on shipping in the Gulf of Guinea, and explosions and mass arrests in Kenya, all serving to underline the scale of that challenge.
Class Clash: DNV, GL to Merge
The ever changing face of ship classification has received perhaps its biggest makeover yet, with the announcement this morning (December 20, 2012) that Norway’s Det Norke Veritas (DNV) and Germany’s Germanischer Lloyd (GL) have signed a deal to merge. While the deal is termed a merger, considering that the DNV Foundation will hold 63.5 %, and GL’s owner Mayfair SE will hold 36.5%, and the fact that the new company, to be called DNV GL Group with a combined turnover of approximately $3.3 billion…
