![]() Magellan Professional announced January 7 that the France- and California-based company had renamed itself Ashtech, confirming the staying power of a precision technology brand that first appeared in 1987.Īshtech’s reappearance reflects business realignments that saw the consumer products division of Magellan’s GPS business sold to Taiwan-headquartered MiTAC International Corporation in December 2008.Īshtech Holdings and subsidiary companies in France, Russia, the United States, and elsewhere will remain enterprises owned by Shah Capital Partners, a private equity investment firm that acquired the core business from the Thales Group in 2006. One of the oldest names in the GNSS industry - Ashtech - is returning to the marketplace as both a corporate identity and branded product line.
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