Technology Industry
Industry: Email Alert RSS FeedInterview: Magellan; GEO interviews Stig M. Pedersen, Sr. director of marketing strategy, Survey/GIS for the newly named 'Magellan Navigation, Inc.' Through a recent acquisition by Shah Capital Partners (SCP) from the Thales Group, the company sets out on a new journey and voyage.(Interview)
GEO: connexion, October, 2006
GEO: Can you explain why Thales Group has decided to sell Thales Navigation at this time?
SMP: With the rapid growth of the consumer GPS market, Thales Navigation with its consumer business was moving further away from the core portfolio of Thales Group. They recognized that Thales Navigation had high potential for growth in all of its business segments with a focused shareholder. With a balanced portfolio of businesses, key strategic partnership
and growing sales and profit, Thales Navigation was a very compelling investment opportunity for the market and Shah Capital Partners (SCP) were pleased to have signed the deal to acquire the company.
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GEO: With the new name 'Magellan...
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