Case study: Raymarine

Outsourcing of manufaturing function

We advised Raymarine Plc, one of the world's largest suppliers of marine electronic products to the leisure boating market, on the outsourcing of its manufacturing function to Flextronics, a global leader in the provision of electronics manufacturing services. The deal is valued at approximately US$500 million over a five-year period.

Under the agreement, Flextronics will provide vertically integrated manufacturing services to Raymarine, initially through its facility in western Hungary. The services include printed circuit board assembly, box build, plastics, metals, logistics, and test engineering services. Raymarine took the decision to outsource its manufacturing function to access, through Flextronics, the latest technologies and skills in supply chain management whilst maintaining and growing Raymarine's gross margins.

Nigel Stacey, Raymarine's Director of Supply Chain, said:

"This is the second major contract I have negotiated now with Pinsent Masons and am again impressed by the team's professionalism and complete dedication to the task in hand. I find Pinsent Masons a law firm who truly embrace the idea of partnering with their clients."

See: Raymarine