One marine electronics company eats up another
Raymarine has bought Tacktick from Suunto to complete its marine instrument range.
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.