Johnson Outdoors Acquires DrDepth 6-29-2013

 

 

Johnson Outdoors Acquires DrDepth

 

Deal Includes Assets of DrDepth & Mapping Technologies

 

  (June 28, 2013) Johnson Outdoors Marine Electronics, Inc. today announced it has acquired the assets and technologies of DrDepth, the Sweden-based maker of lake and sea bottom mapping software. Details of the transaction are not being released.

 

  “We continue to focus on innovation that provides anglers with a real-world advantage on the water. The user-generated mapping technology of DrDepth is the perfect fit to expand the features of our marine portfolio, which already includes best-in-class products under the Humminbird®, Minn Kota®, Cannon®, and LakeMaster® brands,” said Kelly T. Grindle, Senior Group Vice President – Marine Electronics & Diving for Johnson Outdoors.

 

  Current DrDepth customers will continue to be supported during the integration into the Johnson Outdoors Marine Electronics business.  Existing licensed users can continue to use the program as before, but can expect upcoming announcements as the products are transitioned into the Johnson Outdooors Marine Electronics customer support structure.

 

  ABOUT JOHNSON MARINE ELECTRONICS, INC.
Johnson Outdoors Marine Electronics, Inc. a wholly-owned subsidiary of Johnson Outdoors Inc. (Nasdaq:JOUT), consists of the Humminbird®, LakeMaster®, Minn Kota® and Cannon® brands. Humminbird is a leading innovator and manufacturer of fishfinders, fishfinder/GPS combo units, ice flashers and digital depth gauges. LakeMaster® is the premier brand of high-definition electronic fishing charts. Minn Kota® is the world’s leading manufacturer of electric trolling motors, as well as offers a complete line of shallow water anchors, battery chargers and marine accessories. Cannon® is the leader in controlled-depth fishing and includes a full line of downrigger products and accessories.

 

  Visit Johnson Outdoors at http://www.johnsonoutdoors.com

 

  SAFE HARBOR STATEMENT

 

Certain matters discussed in this press release are “forward-looking statements,” intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995.  Statements other than statements of historical fact are considered forward-looking statements. These statements may be identified by the use of forward-looking words or phrases such as “anticipate,” “believe,” “could,” “expect,” “intend,” “may,” “planned,” “potential,” “should,” “will,” “would” or the negative of those terms or other words of similar meaning. Such forward-looking statements are subject to certain risks and uncertainties, which could cause actual results or outcomes to differ materially from those currently anticipated.  Factors that could affect actual results or outcomes include changes in discretionary consumer spending patterns; the Company’s success in implementing its strategic plan, including its focus on innovation; actions of and disputes with third parties, including companies that compete with the Company; the Company’s success in managing working capital and its on-going cost-structure reduction efforts; the Company’s success in meeting financial covenants and potential risk associated with the cost of obtaining any waiver or amendment that lenders would be willing to provide; risk of future write-downs of goodwill or other intangible assets; ability of the Company’s customers to meet payment obligations; movements in foreign currencies, interest rates and commodity costs; the Company’s success in implementing targeted sales growth initiatives; the success of suppliers and customers; the ability of the Company to deploy its capital successfully; adverse weather conditions; and other risks and uncertainties identified in the Company’s filings with the Securities and Exchange Commission.  Shareholders, potential investors and other readers are urged to consider these factors in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements.  The forward-looking statements included herein are only made as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

 

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