ENGLEWOOD, Colo. – Jeppesen Marine has made a deal to sell its Nobeltec family of marine navigation software to Signet U.S.A., according to a release this week.
“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,” Greg Bowlin, Jeppesen senior vice president, said in the release. “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 will continue to provide customer support to Nobeltec users, and Signet will assume responsibility for customer support at a later date.
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.
Signet U.S.A. is a wholly owned subsidiary of Signet S.A., a 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.