Valmarine AS was acquired by CAE Inc. Canada and renamed CAE Valmarine AS.
CAE Valmarine AS acquired the company Odim Hitec Marine Automation AS and renamed this CAE Navigation AS, thus extending its product scope to also include the delivery of Integrated Bridge Systems (IBS) to naval and commercial vessel markets world-wide.
The Marine Division of CAE Inc. was sold to the L-3 Corporation based in New York. CAE Valmarine AS changed its name to L-3 Communications Valmarine AS and CAE Navigation AS name was changed to L-3 Communications Navigation AS.
L-3 Communications Navigation AS was merged with L-3 Communications Valmarine AS. The same year L-3 Communications Valmarine acquired SAM Electronics Norge AS, previously owned by SAM Electronics GmbH, Germany, with the company's main business being the sales and service of navigation and communication equipment.