Latest Headlines

Thales Renamed Magellan in Buyout

On July 20, an investment group led by Shah Capital Partners (SCP), Santa Clara, Calif. and Paris, France, reached a definitive agreement to acquire Thales Navigation, provider of solutions in the consumer, survey, GIS and OEM GPS navigation and positioning markets. When the transaction closes in the third quarter of 2006, the new company will be named Magellan Navigation Inc. and will be headquartered in San Dimas, Calif.

Thales Navigation is the creator of the ProMark single-frequency GPS survey product line and is recognized worldwide through its Magellan brand. The company has experienced 200 percent consumer revenue growth over the past three years as GPS technology has proliferated across a range of consumer and commercial applications.

"Thales Navigation is well-positioned with a number of core strengths, including leadership positions in both consumer and commercial markets, the strength of the Magellan brand, pervasive retail distribution and a strong technology portfolio," said Ajay Shah, managing partner of SCP. "We are looking forward to working with the management team to build on these successes and continue the growth of the business as demand for navigation technology continues to expand."

"SCP is a great fit for Thales Navigation," said Henry Gaillard, chief executive officer of Thales Navigation. "We intend to execute aggressively on our strategy to increase our leadership in the consumer, survey, GIS and OEM markets worldwide, and SCP is both committed and uniquely qualified to help us achieve even greater success as a stand-alone company."

See POB's September issue for an in-depth interview with Francois Erceau, general manager of the worldwide survey and GIS business unit of Thales Navigation.

Did you enjoy this article? Click here to subscribe to POB.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

HxGN Live

More than 3,500 attendees from more than 70 countries attended HxGN Live, the annual Hexagon AB user conference, at the MGM Grand Hotel & Casino in Las Vegas on June 3-6. About 450 keynotes and panel discussions were held, and several companies from around the world exhibited their geospatial products. Here are a few snapshots from the event.

POB

POB April 2015 Cover

2015 April

In this April 2015 issue of POB, we explore how AVEVA solutions and laser scanning gave international contractor Ariosh some real competitive advantages in challenging oil and gas revamp projects.

Table Of Contents Subscribe

YOUR SUMMER PLANS?

Surveyors, with the weather finally starting to improve everywhere, are you thinking about the long days to come? This summer, you are going to …
View Results Poll Archive

Point of Beginning Store

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\POB\epubsite\Statues-pic-large.gif
Colonial

The perfect gift or award for any special occasion.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

Facebook logo Twitter logo  LinkedIn logo  YouTube logoRPLS small logo

Google +

Geo Locator

Buyers Guide

The #1 buyers' guide for land surveyors and geomatics professionals. Search listings for software and equipment manufacturers, equipment dealers and professional services. CLICK HERE to view GeoLocator.