Corporate and Financial
Brunswick Announces Agreement to Sell Brunswick New Technologies' Portable Navigation Device Unit
LAKE FOREST, Ill., Feb. 22 /PRNewswire-FirstCall/ -- Brunswick Corporation
(NYSE: BC) today announced it has signed a definitive agreement to sell
Brunswick New Technologies' portable navigation device (PND) operations to
MiTAC International Corporation. The purchase will be for the PND operations
of the Navman brand. Terms of the transaction were not disclosed. Completion
of the sale is subject to regulatory approvals.
Based in Taiwan, MiTAC is a leading manufacturer of personal computers,
servers and mobile telecommunications devices. MiTAC has manufacturing
operations in Taiwan and the People's Republic of China, as well as assembly
centers in the United States, United Kingdom, Belgium, Germany and Japan. Its
products are sold around the world.
"We are pleased to have found a strategic buyer with expertise and
technologies central to PND products," said Dustan E. McCoy, Brunswick
chairman and chief executive officer. "We believe such a buyer is more apt to
fully appreciate every segment of the business and will be able to focus on
this business' technological expertise, helping it reach its full potential."
Brunswick announced in April 2006 its decision to pursue the sale of
substantially all of its BNT business unit. PND is the second of three main
areas of BNT operations to attract buyers recently. Navico International
Ltd., based in Norway, recently agreed to buy BNT's marine electronics brands,
including MX Marine, Northstar and relevant operations of Navman. Efforts to
sell Navman's remaining fleet management operations continue.
About Brunswick
Headquartered in Lake Forest, Ill., Brunswick Corporation endeavors to
instill "Genuine Ingenuity"(TM) in all its leading consumer brands, including
Mercury and Mariner outboard engines; Mercury MerCruiser sterndrives and
inboard engines; MotorGuide trolling motors; Teignbridge propellers; MotoTron
electronic controls; Albemarle, Arvor, Baja, Bayliner, Bermuda, Boston Whaler,
Cabo Yachts, Crestliner, HarrisKayot, Hatteras, Laguna, Lowe, Lund, Maxum,
Meridian, Ornvik, Palmetto, Princecraft, Quicksilver, Savage, Sea Boss, Sea
Pro, Sea Ray, Sealine, Triton, Trophy, Uttern and Valiant boats; Attwood
marine parts and accessories; Land 'N' Sea, Kellogg Marine, Diversified Marine
and Benrock parts and accessories distributors; IDS dealer management systems;
Life Fitness, Hammer Strength and ParaBody fitness equipment; Brunswick
bowling centers, equipment and consumer products; Brunswick billiards tables;
and Valley-Dynamo pool, Air Hockey and foosball tables. For more information,
visit http://www.brunswick.com .
SOURCE: Brunswick Corporation
CONTACT: Dan Kubera, Director - Media Relations and Corporate
Communications, Brunswick Corporation, +1-847-735-4617
Web site: http://www.brunswick.com
