Navman changes hands again

RICHARD MEADOWS
Last updated 10:11 31/01/2013

Relevant offers

Industries

First look at David Jones department store in Wellington Valleygirl and Temt administrators search for supplier solutions Check out the world first 'un-meltable' ice cream Ryman Healthcare responds to staff pay gripes and increases directors fees Underwater glass lift proposed for Napier's National Aquarium After 15 years the wait is over for new Countdown Waiheke Tesla driver speeding in fatal Autopilot crash Mortgage lending hits record levels as national house prices soar Real estate agent with terminal cancer claims he was cut loose because of illness Safety box cutter called 'health and safety gone mad'

Former Kiwi tech firm Navman Wireless has been sold to a Fortune 250 company for an undisclosed sum.

Danaher Corporation has added the world-leader in GPS-based vehicle products and services to its portfolio of premier science and technology brands.

Navman, which uses its technology to monitors more than 175,000 vehicles owned by over 14,000 organisations, will remain a standalone company.

The company's president TJ Chung said in a statement that Danaher had the resources, global footprint and commitment to support the growth of the business.

Navman was founded in New Zealand in 1987, and was sold to United States marine company Brunswick Group for $108.5 million in 2004.

Ad Feedback

- BusinessDay.co.nz

Special offers

Featured Promotions

Sponsored Content