Singapore-listed Jason Marine will own 60% of the joint venture which will exclusively market, sell, distribute and service all of Koden’s marine electronic products in Singapore, Indonesia and Malaysia. Koden manufactures a comprehensive range of marine navigation equipment, including marine radars, echo sounders, GPS navigators and sensors, and sonars.
“With this tie-up, Jason Marine will leverage on our distribution network and widely recognised systems integration capabilities to establish a stronger presence in the market for Koden’s quality products,” said Joseph Foo, chairman of Jason Marine.
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