One marine electronics company eats up another

Raymarine has bought Tacktick from Suunto to complete its marine instrument range.

In recent years Raymarine has increasingly focused its priorities on bigger boats, but this purchase fills its holes at the lower end of the market where Tacktick has remained.

It also marks a return to form for the electronics giant, after it entered administration last year, before being bought by thermal-imagery company FLIR Systems for $180 million (now worth £112 million).

Tom Surran, general manager of Raymarine UK, said: ‘We think this acquisition makes tremendous sense for us.

‘Tacktick’s unique Micronet technology allied with the development rigor and manufacturing efficiencies of Raymarine will make for a powerful combination.’

Tacktick was formed by Clive and Mark Johnson in 1996, but was sold to Finnish company Suunto in 2009.

Tacktick equipment will eventually be distributed as a product line through Raymarine subsidiaries, distributors and service dealers worldwide.

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