Magellan GPS - Thales Nav Sold

Author

Thales Nav Sold

bcd

2006-08-15, 4:33 am

This may be old news, but I don¹t detect any discussion of it in this group
so here goes.
-----
From ³Inside GNSS² July/August 2006 Issue:

³Shah Capital Partners, a private equity firm ..., will acquire GNSS
receiver manufacturer Thales Navigation from the Thales Group of Paris,
France.

³The two companies reached a definitive agreement on July 20, according to
Shah Capital ... expected to close in the third quarter of 2006. Reportedly
.... selling price was $170 million.

³The deal will apparently bring back Magellan as a corporate name in the
GNSS field as well as a popular brand of consumer GPS products. Thales
Navigation will become Magellan Navigation, Inc. and be headquartered in San
Dimas, California.²

I¹m shocked and amazed at the seemingly low sale price. Hopefully there
will be a large infusion of capital from the new owners. TBD

Ron Hunter

2006-08-15, 7:33 am

bcd wrote:
> This may be old news, but I don’t detect any discussion of it in this
> group so here goes.
> -----
> From “Inside GNSS” July/August 2006 Issue:
>
> “Shah Capital Partners, a private equity firm ..., will acquire GNSS
> receiver manufacturer Thales Navigation from the Thales Group of Paris,
> France.
>
> “The two companies reached a definitive agreement on July 20, according
> to Shah Capital ... expected to close in the third quarter of 2006.
> Reportedly ... selling price was $170 million.
>
> “The deal will apparently bring back Magellan as a corporate name in the
> GNSS field as well as a popular brand of consumer GPS products. Thales
> Navigation will become Magellan Navigation, Inc. and be headquartered in
> San Dimas, California.”
>
> I’m shocked and amazed at the seemingly low sale price. Hopefully there
> will be a large infusion of capital from the new owners. TBD

That is an 'investment company'. One has no way to tell if the result
will be good, or bad. Let's hope for the best.

Jack Erbes

2006-08-15, 10:33 am

bcd wrote:

> This may be old news, but I don’t detect any discussion of it in this
> group so here goes.
> -----
> From “Inside GNSS” July/August 2006 Issue:
>
> “Shah Capital Partners, a private equity firm ..., will acquire GNSS
> receiver manufacturer Thales Navigation from the Thales Group of Paris,
> France.
>
> “The two companies reached a definitive agreement on July 20, according
> to Shah Capital ... expected to close in the third quarter of 2006.
> Reportedly ... selling price was $170 million.
>
> “The deal will apparently bring back Magellan as a corporate name in the
> GNSS field as well as a popular brand of consumer GPS products. Thales
> Navigation will become Magellan Navigation, Inc. and be headquartered in
> San Dimas, California.”

That's interesting, it will take some work and investment to get
Magellan back to the market position they had at one time. But I wish
them the best of luck, I'd hate to think of Garmin with the market all
to themselves.

> I’m shocked and amazed at the seemingly low sale price. Hopefully there
> will be a large infusion of capital from the new owners. TBD

We could have taken up a collection here and bought it ourselves, no? :> )

Jack

--
Jack Erbes in Ellsworth, Maine, USA (jackerbes at adelphia dot net)
(also receiving email at jacker at midmaine dot com)

bcd

2006-08-15, 3:33 pm

On 8/15/06 6:40 AM, in article
jJOdnaB3t78gU3zZnZ2d
nUVZ_rCdnZ2d@adelphi
a.com, "Jack Erbes"
<jackerbes@adelphia.net> wrote:

>
> We could have taken up a collection here and bought it ourselves, no? :> )
>
> Jack

My thought exactly! As soon as my drugs arrive, I should feel much better.

A bit off topic was sale a couple of years ago of Mission Research Corp. to
Alliant Tech for something like $250 million. That was NUTS.

-bc

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