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Jeppesen maritime business sold to Digital Marine Solutions

Digital Marine Solutions has announced that it has signed a purchase agreement to acquire the marine division of Jeppesen, subject to regulatory approval.

{mprestriction ids="1,2"}Under the terms of the agreement, the former Jeppesen Marine will operate as a separate entity with its own dedicated resources and will trade under the C-MAP brand name. Jeppesen will remain as part of The Boeing Company.

Digital Marine Solutions is owned by the Altor 2003 Fund, which is part of the Nordic based Altor family of private equity funds and is also is the majority owner of the Navico stable of marine brands.

The company says that it will ensure that Navico and other third party electronics manufacturers continue to have access to the C-MAP portfolio for both recreational and commercial marine.

“This is good news for the marine electronics industry, Jeppesen Marine staff and consumers, as C-MAP’s high quality products and services will continue to be offered, thus keeping the diversity in the market,” said James Detar, director light marine portfolio at Jeppesen Marine.

Pending regulatory approval, the transaction is expected to be completed toward the end of the second quarter of 2016.{/mprestriction}

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