Raymarine in sale talks with Garmin and other bidders

Posted on 17 Aug 2009 by The Manufacturer

Marine navigation equipment maker Raymarine is in talks with Garmin and other parties about a possible takeover

Raymarine, the Portsmouth-based manufacturer of marine navigation equipment today (August 17) confirmed it is in talks with US mobile navigation equipment maker Garmin, about a potential sale. It is also talking to other potential bidders. The troubled company specialises in autopilot, GPS and echo-location equipment for the leisure marine industry. It has a large debt…

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