Lowrance Electronics is a manufacturer of consumer sonar and GPS receivers, as well as digital mapping systems. Lowrance is headquartered in Tulsa, Oklahoma and employs approximately 1,000 people. The company is best known for its marine, aircraft and automobile GPS receivers.
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. Since this time, Lowrance branded devices have become less common in the consumer market, having been overshadowed by Garmin and TomTom and Magellan. [1]
In March, 2006, Lowrance was acquired by Simrad Yachting AS[2][3]. Simrad Yachting is jointly owned by the Altor and Kongsberg Gruppen.
  | "Merger of Lowrance Electronics, Inc. and Navico Acquisition Corp. Is Complete" - Merger of Lowrance Electronics, Inc. and Navico Acquisition Corp. Is Complete; Lowrance Becomes a Wholly Owned Subsidiary of Simrad Yachting AS; Lowrance Shares Cease to Be Quoted for Trading on Nasdaq. | Banking & Finance > Financial Markets & Investing from AllBusiness.com |
| | "Merger with Orbital Sciences Corporation" - LOWRANCE ELECTRONICS INC - Annual Report (10-K) Results of Operations |
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