March 1, 2007. The inventor of Navman, a popular New Zealand-developed in-car navigation system, sold to an American company three years ago, is negotiating to buy part of it back.
Marine and leisure products giant Brunswick has now sold Navman’s marine electronics operations to Norway’s Navico International and has the portable navigation and fleet management divisions for sale.
Now, Peter Maire wants to buy back the fleet management business, that includes GPS tracking. He wants to develop an integrated fleet management system that includes electronic payment technology.
Brunswick New Technologies bought Navman for $108 million.