Sunnyvale, Calif., Jan. 24, 2008 — Trimble (NASDAQ: TRMB) announced today it has acquired privately-held Géo-3D Inc. of Montreal, Canada in an all-cash transaction. Géo-3D is a leader in roadside infrastructure asset inventory solutions. Financial terms were not disclosed.
The acquisition of Géo-3D extends Trimble’s portfolio of field solutions to include mobile mapping specific to the transportation and utilities market. Géo-3D’s geo-referenced land videography system rapidly documents images and positioning information to catalog roadside infrastructure such as road signs, guardrails, light poles and other assets. With a customer base in Canada, Europe, and the U.S., Géo-3D products are used by service companies collecting geospatial data by photogrammetry and LIDAR as well as state authorities and municipalities involved in supplying geospatial information.
Surface transportation infrastructure is critical to the continued growth of a country’s economy. Many transportation programs are expected to be hard pressed to meet the challenges of the future as demands for safety and efficiency grow faster than the available resources. In the U.S. alone, the vehicle-miles traveled is growing twice as fast as the population, and concerns over land use and the environment are driving new approaches to address infrastructure needs. To face these challenges, transportation managers are looking to the benefits of technology to contribute to improvements in the development and maintenance of infrastructure systems.
The acquisition of Géo-3D’s mobile mapping solutions augments Trimble’s existing positioning solutions by providing exceptional as-built views of infrastructure assets. By automating roadside asset inventory management, transportation and utility organizations can increase productivity throughout the infrastructure?s lifecycle.
"Géo-3D complements our existing Integrated Surveying, Spatial Imaging, Site Positioning, Mapping and GIS, and Mobile Mapping solutions used in the transportation and utilities industries. Our focus is on integrating these solutions to streamline the collection and maintenance of high accuracy as-builts drawings for the transportation, civil engineering, utilities and telecommunications industries," said Ken Spratlin, director for strategy and business development for Trimble. "As part of the Trimble Connected Site model, high accuracy as-builts enable advanced process and workflow integration from the design phase through construction to the subsequent maintenance phase—delivering significant improvements in productivity through the infrastructure lifecycle."
"Géo-3D provides a core competency in roadside infrastructure asset inventory to augment Trimble’s portfolio of solutions," said Daniel Desgagne, president of Géo-3D. "The acquisition reinforces our best-in-class technologies and provides us access to Trimble’s global resources that we can leverage to enhance our existing organization, and more so, our ability to service our existing and future clients worldwide. We are extremely pleased to be a part of the Trimble family."
Daniel Desgagne and the staff of Géo-3D will join Trimble and operate as part of the Engineering and Construction segment.
About Géo-3D Inc.
Géo-3D develops and commercializes solutions to improve the productivity and reliability of data acquisition processes as part of linear right-of-way inventory and monitoring operations. Géo-3D has been involved in the field of geographic information technologies since the company was founded in 1995. Solutions focus on the use of high-resolution digital imagery, positioning systems and photogrammetry for the transportation, energy, municipal engineering as well as environmental industries. In addition, Géo-3D provides services to complement its mobile mapping solutions.
For more information, visit: www.geo-3D.com
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 3,600 employees in over 18 countries.
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 adoption of Géo-3D solutions and, more generally, transportation and utility infrastructure asset inventory solutions, Trimble?s ability to integrate its portfolio of solutions or to provide compelling solutions that deliver significant improvements in productivity to users, 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 Géo-3D benefit from Trimble?s worldwide resources and networks; unanticipated expenditures, charges or assumed liabilities that may result from the acquisition; and retaining key personnel. 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.
