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Default Raymarine Plc sold to FLIR Systems, Inc.

On Fri, 14 May 2010 16:39:57 -0700 (PDT), Tim
wrote:

On May 14, 4:55*pm, hk wrote:
Raymarine Plc sold to FLIR Systems, Inc.
Raymarine plc (the "Company"), a global leader in the supply of
electronic products to the leisure marine market, has today reached
agreement to sell its shares in Raymarine Holdings Limited to a
subsidiary of FLIR Systems, Inc. ("FLIR") a world leader in thermal
imaging products. The sale represents the entire business operations of
Raymarine and its subsidiaries.
- - -



Harry, is that good or bad? I'm not familiar with either company or
their products.


Raymarine was a spinoff of the old Raytheon marine products operation.
Raytheon made very high quality marine electronics to near military
specs, and some of it is still going strong more than 30 years after
it was built. Raymarine cut a lot of corners after the spinoff
however, and the legendary quality is just not there any more. Word
has gotten around, hurting sales, and of course the entire
recreational boating market is in a huge slump.

FLIR is kind of a recent upstart which has carved out a niche market
for reduced vision devices (fog, night time, etc.).

http://www.flir.com/cvs/eurasia/en/content/?id=3868

Their gear is a bit pricey and not often found on boats less than 65
feet or so.
 
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