Who owns Magellan ??????
Submitted: Monday, May 17, 2004 at 00:08
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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