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In August 2018, Brunswick Corporation acquired Power Products – Global Marine & Mobile business, which includes the global marine, specialty vehicle, mobile, industrial power, and transportation aftermarket products businesses of Power Products, for $910 million in cash from San Francisco-based private equity firm Genstar Capital.
2011 Achieves record cash flow of $158 million and deploys just over $300 million to acquire Mastervolt and Weasler Engineering. 2012 Acquisition of Jeyco Pty. Ltd. in Australia, Turotest in Brazil, and CrossControl AB in Sweden. 2013 Divestiture of Actuant Electrical segment 2013 Acquisition of Viking Sea Tech . [10]
The top manufacturer is Garmin's Marine division with a turnover of US$917 Million in 2023 [8] followed by Brunswick-owned Navico Group (Simrad, Lowrance, B&G and several other brands), with a turnover of US$915 Million (although this includes sales of equipment which is not marine electronics, such as batteries, cables and pumps).
Oceanvolt is a Finnish boat electric motor manufacturer founded in 2004 by Janne Kjellman. The company was formerly known as Electric Ocean. Oceanvolt is headquartered in Vantaa, Finland. The company currently produces two types of propulsion systems for electric boats: saildrives and shaftdrives.
An important early customer for electric boat motors was the Electric Launch Company, also known as Elco. Following an 1892 bankruptcy, financier Isaac Rice bailed out Electro-Dynamic and became a co-owner. Griscom died in a hunting accident in 1897.
Arc Boat Company (Arc) is an American electric boat company based in Los Angeles, California, specializing in high-performance, all-electric watercraft.Since its founding in 2021, Arc has raised over $100 million in funding from notable investors, including Andreessen Horowitz, Eclipse Ventures, Menlo Ventures, and celebrities like Will Smith and Kevin Durant.