Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

Thales Sells Navigation Div.
Jul 2006
SANTA CLARA, Calif. & PARIS, July 25, 2006 -- Thales agreed last week to sell its Thales Navigation Div. to an investment group led by Santa Clara-based technology private equity firm Shah Capital Partners (SCP) for $170 million.

Thales Navigation makes the Magellan Roadmate series of portable car navigation systems and other vehicle and hand-held navigation devices. It is a division of global electronics company Thales and has its headquarters in San Dimas, Calif.

The transaction is expected to close in the third quarter of 2006, SCP said in a statement. The new company will be named Magellan Navigation Inc. and will remain in San Dimas.

Co-investors with SCP in the transaction included Tudor Group, Galleon Group, Consolidated Press Holdings, AIG SunAmerica and Eli Broad. For more information, visit:

GPSMagellannavigationNews & FeaturesroadmateSCPShah CapitalThales

Terms & Conditions Privacy Policy About Us Contact Us
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA,

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.