- Lowrance Electronics
Lowrance Electronics is a manufacturer of consumer
sonar andGPS receivers, as well as digital mapping systems. Lowrance is headquartered inTulsa ,Oklahoma and employs approximately 1,000 people. The company is best known for its marine,aircraft andautomobile GPS receivers. Lowrance is a distant third in the more visible consumer hand-held GPS market (behindGarmin and Magellan).In March, 1999, Lowrance announced an agreement to merge with Magellan Corporation, as part of a merger agreement with Magellan's parent company
Orbital Sciences Corporation . [ [http://sec.edgar-online.com/1999/10/28/16/0000930661-99-002460/Section11.asp "Merger with Orbital Sciences Corporation"] ]In March, 2006, Lowrance was acquired by Simrad Yachting AS [ [http://www.lowrance.com/Company/press/pr_merger031406.htm Lowrance Press Release] ] [ [http://www.allbusiness.com/banking-finance/financial-markets-investing-securities/5380245-1.html "Merger of Lowrance Electronics, Inc. and Navico Acquisition Corp. Is Complete"] ] . Simrad Yachting is jointly owned by the Altor and
Kongsberg Gruppen .References
External links
* http://www.lowrance.com/
* http://www.simradyachting.com/
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