Who owns Magellan ??????

Submitted: Monday, May 17, 2004 at 00:08
ThreadID: 12932 Views:2772 Replies:2 FollowUps:1
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I read with interest post 12922 and the debate on who owns Magellan.
Now I don't know a great deal about GPS ( that is why I read the post ) but I do know a thing or two about major overseas companies and their shareholders as I work as a Equity Analyst for a investment company.

1. Magellan was a US company, Thales bought it in 2001.

2. Thales is a French multinational, their largest shareholders being Alcatel, Dassault and the French Government.

3. Fugro, a Dutch multinational bought the Thales Geo Solutions division in late 2003. This division provides survey equipment for the Gas and Oil industry.

4. Thales Navigation which continues to be a wholly owned division of Thales contines to manafacture GPS systems for retail consumers.

Hpoe that clears things up a bit.

Cheers
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Reply By: Ian Bee - Monday, May 17, 2004 at 03:30

Monday, May 17, 2004 at 03:30
I can picture it now............ all the Greenpeace dudes on the Rainbow Warrior tossing their Magellan's overboard!

Cheers

Ian BEE
AnswerID: 58872

Reply By: Willem - Monday, May 17, 2004 at 09:02

Monday, May 17, 2004 at 09:02
Thanks Ted,

It is a bit like 'who' owns Argyle Diamonds.

Anyway I have a Magellan GPS and it is a good product which gives me good service. The service from Magellan HQ in Perth is also exemplarary.

Cheers
AnswerID: 58874

Follow Up By: Rick Blaine - Monday, May 17, 2004 at 13:15

Monday, May 17, 2004 at 13:15
I have a sneaking suspicion there may be a "Caledonian" connection with Argyle Diamonds....
0
FollowupID: 320565

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