The Commission for the Protection of Competition received a notification of a proposed concentration, concerning the acquisition of shares and assets belonging to “The Boeing Company” and referred to as the Jeppesen Marine business, by Digital Marine Solutions II Ltd.
The target of the proposed concentration is Jeppesen Marine business, which is active in the global market for marine electronics. Specifically, the activities of the target relate to electronic nautical navigation, and include the provision of maritime data, software, hardware, and services for marine navigation, marine vessel routing and marine fleet management to a range of commercial, recreational and government customers.
Digital Marine Solutions II Ltd is a holding company, duly registered under the laws of Jersey, Channel Islands, that belongs to Altor 2003 Fund. Altor 2003 Fund is a private equity fund that invests along with Altor Fund II, Altor Fund III and Altor Fund IV in numerous companies. One of these companies is Navico Holdings AS, which is a company of the portfolio of “Altor” that supplies and provides a broad range of marine electronic products, such as autopilots, multifunction chart plotters, navigation data, fish finders, radar, echo sounders, gyrocompasses, GPS receivers and VHF radios, which are primarily sold to customers in the recreational sector. Also, it provides data solutions to the commercial maritime sector related to navigation, voyage optimization and voyage monitoring.