About Navico
Navico is a company based in Egersund (Norway) founded in 2006 was acquired by Brunswick in June 2021.. Navico has completed 5 acquisitions, including C MAP, Contour Innovations and Maritime Information Systems. Navico offers products and services including Fishing Systems, Power Systems, and Digital Systems. Navico operates in a competitive market with competitors including Ocean Power Technologies, Martek Marine, Radio Holland, Vesper Marine and Raymarine, among others.
- Headquarter Egersund, Norway
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Products & Services of Navico
Navico offers a comprehensive portfolio of products and services, including Fishing Systems, Power Systems, and Digital Systems. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Systems for enhanced fishing activities in marine environments
Power components for RV and industrial reliability and performance
Digital tools for seamless integration in marine and RV applications
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Product Management Team
20 people
Sales and Marketing
19 people
Software Development Team
18 people
Leadership Team
10 people
Finance and Accounting
9 people
Creative and Marketing Team
5 people
Human Resources and Administration
4 people
Operations Team
2 people
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Funding Insights of Navico
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Navico
Navico has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Brunswick. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Boats and marine parts are manufactured and designed.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Navico
Navico has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include C MAP, Contour Innovations and Maritime Information Systems. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Navigation solutions and management systems for boats are provided.
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2016 | ||||
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Cloud based GIS data visualization offering
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2009 | ||||
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A vessel monitoring platform is provided for maritime operations.
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1998 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Navico
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Navico Comparisons
Competitors of Navico
Navico operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ocean Power Technologies, Martek Marine, Radio Holland, Vesper Marine and Raymarine, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Ocean energy technologies are provided for intelligent maritime solutions.
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| domain | founded_year | HQ Location |
Diversified electronic systems for marine applications are manufactured.
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| domain | founded_year | HQ Location |
Provider of navigation, connectivity, Integration, and service & maintenance solutions for the maritime industry
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Developer of marine asset protection and collision avoidance technology
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| domain | founded_year | HQ Location |
Marine electronic equipment is developed for recreational boating markets.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Navico
Frequently Asked Questions about Navico
When was Navico founded?
Navico was founded in 2006.
Where is Navico located?
Navico is headquartered in Egersund, Norway. It is registered at Egersund, Rogaland, Norway.
Who is the current CEO of Navico?
Leif Ottosson is the current CEO of Navico.
What does Navico do?
Navico was founded in 2006 in Egersund, Norway, as a manufacturer within the marine electronics sector. Products such as fish-finding equipment, powerboat electronics, digital displays, and electronic charts are developed for both recreational and commercial marine applications. Operations focus on navigation systems to support on-water activities across various geographies, with leadership provided by CEO and President Leif Ottosson.
Who are the top competitors of Navico?
Navico's top competitors include Ocean Power Technologies, Martek Marine and Raymarine.
What products or services does Navico offer?
Navico offers Fishing Systems, Power Systems, and Digital Systems.
How many acquisitions has Navico made?
Navico has made 5 acquisitions, including C MAP, Contour Innovations, and Maritime Information Systems.
Who are Navico's investors?
Navico has 1 investor. Key investors include Brunswick.