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Page 8 - Knut Frostad News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Brunswick buys Navico for $1 billion-plus

Brunswick buys Navico for $1 billion-plus
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Brunswick to Acquire Navico; Will Enhance Leadership

Brunswick to Acquire Navico; Will Enhance Leadership
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Goldman Sachs Asset Management and Altor Announce the Sale of Navico, a Global Leading Marine Electronics Company, to Brunswick Corporation for $1 05bn

Goldman Sachs Asset Management and Altor Announce the Sale of Navico, a Global Leading Marine Electronics Company, to Brunswick Corporation for $1 05bn
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Brunswick buys Navico for $1 billion-plus

Brunswick buys Navico for $1 billion-plus
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Insights on Integration

Apr 26, 2021 Navico president and CEO Knut Frostad aims to see integration and connectivity from the consumer’s perspective After spending years as a competitive sailor, Knut Frostad was the ultimate end-user of marine electronics before he became president and CEO of Navico in 2019. Many years before that, in 1997 as skipper of the racing yacht Innovation Kværner, Frostad worked with Simrad to develop a lighter, more advanced radar that gave his team an edge in the Whitbread Round the World Race. The athletic and friendly Norwegian, who competed in two Olympics in windsurfing and sailing and four round-the-world sailing races, also transformed the Volvo Ocean Race during his three consecutive terms as CEO. He expanded the race’s stopovers into Asia and the Middle East, and established land-based venues so tens of thousands of people each day could visit the boats and teams. In this way, he served as the Pied Piper of ocean sailracing.

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