Raymarine

[dvinell]

- Unable to meet debt obligations
- Placed into "administration" (not really like Ch11 - administration means that the administrators are in control, and suppliers might lose their money)
- Bought by FLIR
- All in one day!!!

Anyway the good news is that Raymarine have a future, and the employees have jobs for the moment. They are very local to me, so it means something that they keep going.

More details here:http://www.raymarine.co.uk/about-us/raymarine-plc-investor-relations/corporate-and-financial-news/regulatory-news-announcements/

dv.

 

[TimHenn]

Being a brand new all Raymarine customer, I was a little concerned. The FLIR Systems, Inc. press announcement made me feel a little better
http://investors.flir.com/releasedetail.cfm?ReleaseID=469938

Tim

 

[GonzoF1]

This is great news.

 

[Billylll]

Raymarine has been on life support for years. I know Garmin recently made another offer to purchase Raymarine but it was waiting regulatory approval.
Bill