Friday, April 04, 2008

Raymarine being sold?

We don't normally report on the stock market, but we couldn't resist passing on this news item - Raymarine recently informed the London Stock Market that it had received a preliminary approach that may or may not lead to a full takeover.

At this stage the company is not commenting further therefore it is not yet known if the interested party is a trade or private equity buyer. Possible trade buyer names being put forward include Simrad, Garmin or Furuno. Current market capitalisation of RayMarine is estimated at £200 million.

What this means to those of you with Raymarine gear we are not sure - it would seem to us that Garmin would be the best fit to us given 1) Garmins lack of a decent radar and marine instrumentation; and 2) the amount of product overlap between Raymarine and Simrad/Furuno.

Just our 2-cents! Stay tuned...

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