Sunnyvale, Calif., Feb. 14, 2007 – Trimble (NASDAQ: TRMB) announced today it has acquired privately-held INPHO GmbH of Stuttgart, Germany in an all-cash transaction. INPHO is a leader in photogrammetry and digital surface modeling for aerial surveying, mapping and remote sensing applications. Financial terms were not disclosed.
As an end-to-end photogrammetry solutions supplier, INPHO’s product portfolio covers the entire workflow of projects, including aerial triangulation, stereo compilation, terrain modeling, orthophoto production and image capture. In addition, INPHO offers innovative software solutions for processing digital terrain models, including advanced filtering and editing of LIDAR data. With a large customer base of more than 1,000 users in over 100 countries, INPHO products are used by service companies offering geospatial data collection by photogrammetry and LIDAR as well as state authorities involved in supplying geospatial information.
“Photogrammetry adds a new dimension to Trimble to address the geospatial information industry. Our business has been primarily focused on ground or terrestrial-based positioning solutions with our Integrated Surveying and newly formed Spatial Imaging product portfolios,” said Ken Spratlin, director for strategy and business development for Trimble. “By acquiring INPHO we have taken the next step in our Spatial Imaging initiative.”
With recent advances in the geospatial information industry, more opportunities and applications for geospatial data are being identified for industries such as transportation and civil engineering, utilities and communications, natural resources management, government and military. Photogrammetry and aerial imaging provide exceptional overhead views of roads, bridges, dams, construction sites, buildings and forests as well as other structures and natural resources on the Earth. The acquisition of INPHO’s photogrammetry and LIDAR software processing technologies augment Trimble’s existing ground-based positioning solutions to enable users to capture, extract, and analyze layers of accurate air-to-ground data to increase productivity.
“We are pleased to become a part of Trimble,” said Johannes Saile, managing director of INPHO. “The acquisition solidifies our best-in-class technologies and provides us access to Trimble’s global footprint of resources that we can leverage to enhance our existing organization. INPHO provides a core competency in airborne sensor modeling, image processing and automated feature extraction to augment Trimble’s existing Integrated Survey and Spatial Imaging portfolio of solutions.”
Johannes Saile and the staff of INPHO will join Trimble and operate as a wholly-owned subsidiary.
About INPHO GmbH
INPHO is an end-to-end photogrammetry solutions supplier. INPHO’s portfolio covers the entire workflow of photogrammetry projects, including aerial triangulation, stereo compilation, terrain modeling, orthophoto production and image capture. In addition, INPHO offers innovative software solutions for processing digital terrain models, including advanced filtering and editing of LIDAR data. Typical users of INPHO products are service companies offering geospatial data collection by photogrammetry and LIDAR, as well as all state authorities involved in supplying geospatial information. Founded in 1980, INPHO is headquartered in Stuttgart, Germany.
For more information visit: www.inpho.de
About Trimble
Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location—including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978 and headquartered in Sunnyvale, Calif., Trimble has a worldwide presence with more than 2,800 employees in over 18 countries.
For more information, visit: www.trimble.com
Certain statements made in this press release are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, and actual events and results may differ materially from those described in this news release. Factors that could cause or contribute to such differences include, but are not limited to, continued customer use and future market acceptance of INPHO software solutions, slower than expected growth in the geospatial information industry, and changing economic trends and competitive pressures in the industry. Additional risks and uncertainties include: the risks inherent in integrating acquisitions; the ability to realize synergies and have INPHO benefit from Trimble’s worldwide resources and networks; unanticipated expenditures, charges or assumed liabilities that may result from the acquisition; retaining key personnel; and maintaining relationships with INPHO technology partners, distributors, and customers. More information about potential factors which could affect Trimble’s business and financial results is set forth in reports filed with the SEC, including Trimble’s quarterly reports on Form 10-Q and its annual report on Form 10-K. All forward looking statements are based on information available to Trimble as of the date hereof, and Trimble assumes no obligation to update such statements.
