Thought you all might want to see this... Personally, I'm less than thrilled. It means less competition in the marine electronics space from the manufacturer / supplier side, and if Garmin succeeds it matches a heavy handed marketing consumer products company with what has been a first class producer of real marine grade electronics. (full disclosure - I own some Raymarine shares "RYMRF" ). Read more (Telegraph.co.uk)
Raymarine, the London-listed supplier of electrical products to leisure boats, is thought to have attracted a takeover approach from Garmin, the $10bn mobile navigation device company, in a deal that could be worth as much as £200m.
Sources close to the deal said that Raymarine would be an ideal fit for Garmin, which is listed on Nasdaq, the technology-heavy New York-based exchange.
A number of private equity companies are also thought to be eyeing Raymarine. (full article