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Thales Navigation Takeover
01 Aug 2006
GPS equipment specialist Thales Navigation, whose European headquarters are in Carquefou, France, has been acquired for an undisclosed sum by Shah Capital Partners (SCP), a private equity consortium based in Santa Clara, California.
Under the deal, which is expected to be finalised within the next two months, the Thales Group subsidiary will trade under a new name, Magellan Navigation Inc.
The company is best known in the hydrographic world for its Aquarius range of high-accuracy positioning systems for marine construction, dredging and offshore applications.
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