Garmin Submitted bid for Lowrance

So Garmin is reportedly submitting a bid for rival Lowrance. The other day we reported that Simrad Yachting seeking to merge with Lowrance to form a new subsidiary called Navico (see story). Now it appears that Garmin has submitted an offer for Lowrance. In news coming out after the news on Simrad, it appears that garmin was interested in and may still be interested in acquiring Lowrance. The overlap and resulting anti-trust issues may have pushed Lowrance to accept the Simrad bid, but the combination of Garmin and Lowrance would make a formidable GPS power in the combined companies in the consumer, aviation and marine area.

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Garmin recently denies making a counter bid for Lowrance. No news though if the dust has settled yet.... stay tuned.
ReadMore on Garmin denying a counterbid.

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