Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Multi Million Dollar Month For Navman Oem

Multi Million Dollar Month For Navman Oem

Navman NZ's Christchurch-based OEM division has just recorded its first $US1million revenue month.

According to Navman OEM executive vice president Mark Bowman, this is expected to double shortly as the OEM business grows.

"The OEM team recently won Navman's biggest single deal worth around $40m (supplying GPS technology to Germany's electronic road toll system) and we have also shipped our first 100,000 modules after only nine months of operation."

Mr Bowman says the meteoric growth of the company's Christchurch division was kick-started by the 2002 acquisition of US company Conexant's GPS business.

"This was a significant move for Navman (reflected in our winning of the HiTech Deal of the Year), making us one of the industry's leading GPS manufacturers,

"It also gave us a global distributor network and a number of new international customers, several of whom are global industry leaders," says Mr Bowman.

Navman's OEM operation employs 28 staff, located in Christchurch, Auckland and California.

About Navman NZ Limited * Navman is a recognised world leader in the design, manufacture and marketing of high reliability GPS products for the marine, personal GPS, fleet management and OEM markets. * It is one of New Zealand's fastest growing companies, employing around 300 people globally in Australia, USA, Europe and its home base in New Zealand. * The company is Trade New Zealand's Supreme Exporter of 2002 as well as New Zealand's Hi- Tech Company of the year.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news