Jeppesen Marine today announced it has reached an agreement to sell its Nobeltec family of marine navigation software to Signet U.S.A., Inc, a wholly owned subsidiary of Signet, S.A., a leading designer and manufacturer of marine navigation software and technology. Nobeltec will become part of Signet’s portfolio, of which Furuno Electric Company is a significant shareholder.
“The sale of our Nobeltec software line reinforces our commitment to providing our original equipment manufacturer partners with the very best electronic charts and electronic charting technology, while they focus on navigation applications,” says Greg Bowlin, Jeppesen senior vice president and chief strategy officer. “We are pleased that Nobeltec and its history of innovation will continue. We also expect this sale to strengthen the relationship between Jeppesen Marine and Signet.”
During a transition period Jeppesen Marine will continue to provide customer support to Nobeltec users. At a later date, Signet will assume responsibility for customer support.
“Nobeltec and MaxSea each have long and rich histories of technological innovation,” says Brice Pryszo, founder and president of Signet. “We are excited about what together they will bring to the marine navigation market.”
The companies are not disclosing terms of the sale. Completion of the transaction is subject to customary closing conditions and is expected to occur in the fourth quarter.
About Jeppesen Marine
Jeppesen Marine is a market-leading provider of vessel operations services and digital navigation solutions, based on worldwide vector chart data type approved to ISO19879, meteorological information and transmission technologies. Jeppesen Marine offers a wide range of navigation and operations products and services to both light and commercial marine markets. Safety-conscious boaters and operators, that range from inland and coastal towboats to SOLAS class vessels, rely on Jeppesen Marine, which is chartered with the same underlying values that launched Jeppesen in 1934 – improving safety and efficiency through innovative navigation solutions.
For 75 years, Jeppesen has made it possible for pilots and their passengers to safely and efficiently reach their destinations. Today this pioneering spirit continues as Jeppesen delivers essential information and optimization solutions to improve the efficiency of air, sea and rail operations around the globe. Jeppesen is a subsidiary of Boeing Commercial Aviation Services, a unit of Boeing Commercial Airplanes. Jeppesen corporate information is available online at jeppesen.com.
For additional information visit www.jeppesen.com.
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Media Contact:
Mike Pound
(303) 328-4777
michael.pound@jeppesen.com
