DMS completes acquisition of C-MAP
Digital charting portfolio moves to Nordic private equity fund.
Digital Marine Solutions (DMS) has announced it has completed acquisition of the marine division of Jeppesen which includes the C-MAP brand of digital navigation charts.
Digital Marine Solutions is owned by the Altor 2003 Fund, part of the Scandanavian-based Altor group of private equity funds which also owns Navico.
Under the terms of the agreement, DMS said the Jeppesen Marine and C-MAP portfolio will continue to operate as a separate entity under the C-MAP brand name with its own resources and management team lead by CEO Egil Aarstad.
DMS said the new organisation’s immediate focus will be on maintaining sales and service to customers who already purchase from C-MAP/Jeppesen Marine across its recreational, commercial marine and fleet sectors. Long-term, the company said its goal will be “to grow in the rapidly developing digital marine market by delivering an enhanced portfolio and all new level of services to the industry”.
“The completion of this deal is good news for C-MAP, our customers, our staff and the marine industry,” said Aarstad. “Our wide variety of customers will see continuity in supply and improvements in the standards of excellence delivered by C-MAP, and enjoy continued access to an enhanced range of high-quality electronics navigational charts, information solutions and added value support.”
“We believe that C-MAP is very well positioned to take a leadership position in the dynamic and developing market for digital content and services,” said Leif Ottosson, chairman of Digital Marine Solutions who also heads up Navico. “We are very excited about future C-MAP partnerships and growth opportunities across both the recreational and commercial marine market.”