Egersund, Norway – Navico
Holding AS, parent company to the Lowrance, Simrad and
B&G brands, announced today that it has acquired Contour Innovations.
Contour Innovations is a mapping and geospatial
software company that created the LakeTrax™ platform,
which powers Navico’s revolutionary Insight Genesis™
global map-making tool. Navico has worked closely with the Contour Innovations team
for the past two years to bring Insight Genesis to market. To date, Insight
Genesis has provided innovative map-making tools to 146 countries – a number
that continues to grow with each passing month.
Contour Innovations is also the creator of the
innovative BioBase software and service, which allows
aquatic biologists, government agencies, researchers, and others to implement
long-term monitoring programs related to current and historical aquatic vegetation
densities and other water-quality characteristics. Navico will add BioBase to its diverse product portfolio and introduce its
advanced functionality into new and emerging markets.
“Mapping content
is a strategic priority for Navico’s growth
ambitions,” said Leif Ottosson,
president and CEO of Navico Holding AS.
“With the acquisition of Contour Innovations, and its talented team, we will rapidly strengthen and expand
the functionality of our Insight Genesis service. We are confident that
accelerating and adding even more innovative capabilities to Insight Genesis
will be a big win for our customers.”
"Closer integration through
this acquisition will allow us to speed and enhance the delivery of software
features and new solutions for existing and future customers, said Matt
Johnson, CEO of Contour Innovations, LLC. "The entire Contour
Innovations team is excited to join the Navico family and looks forward to
elevating our mapping and software solutions to exciting new levels."
The acquisition of Contour Innovations is the
second purchase Navico has announced in the last six months. The company
recently acquired Consilium’s radar business to add
top quality radar products and competencies to its Simrad
Professional range of products. With the acquisition of Contour Innovations, Navico
will retain the Contour Innovations office in Minneapolis, Minn., and its talented
team, including technical development experts, aquatic biologists and avid
outdoors enthusiasts.
For more information on Navico, please visit www.navico.com. For more information on Contour
Innovations, visit www.contourinnovations.com.
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About Navico:
Navico is the world’s #1 provider of marine electronics to the leisure segment
and is an innovative force within the Professional market. The combination of Simrad, Lowrance and B&G has created a truly global
company with products including Navigation, Fish Finders, Radars, Steering
(Autopilot), Communication and Racing Performance systems for the Marine
market. The products are offered under the Simrad,
Lowrance, and B&G brands. Navico Holding AS is majority owned by the Altor 2003 Fund.
About Contour Innovations: Contour Innovations was founded in early 2009
in Minneapolis, Minn., with a focus to build a powerful web platform to
process, display and warehouse geo-spatial data collected for private and crowd
sourcing applications.