Sunnyvale, Calif., May 2, 2006 – Trimble (NASDAQ: TRMB) announced today it has acquired the assets of privately-held BitWyse Solutions, Inc. of Salem, Massachusetts in an all-cash transaction. BitWyse is a leading data management company specializing in 2D and 3D software applications for engineering and construction plant design. Financial terms were not disclosed.
The purchase of BitWyse’s assets is expected to extend Trimble’s product portfolio of 3D laser scanning solutions by providing application-specific software capabilities within the Power, Process, and Plant vertical markets. These markets are increasingly utilizing laser scanning data to create “as-built” drawings, verify construction specifications and improve productivity.
“Our current laser scanning business has been primarily focused on the civil engineering and surveying market,” said Jürgen Kliem, general manager of Trimble’s Survey Division. “By acquiring the assets of BitWyse we are able to offer complete industry-specific data management solutions, including hardware and software, to the Power, Process and Plant markets.”
“We are pleased to become a part of Trimble,” said Mark Klusza, founder and president of BitWyse. “We have collaborated with Trimble over the years on a variety of projects and we believe the acquisition is an ideal fit. The acquisition solidifies our best in class technologies and bundles it together to provide application-specific data management capabilities that enable productivity and construction management.”
Mark Klusza and the staff of BitWyse will join Trimble as part of the transaction. The assets acquired from BitWyse will be part of Trimble’s Engineering and Construction business segment.
About BitWyse Solutions, Inc.
BitWyse is a world leader in providing software that creates, manages, and integrates existing conditions and dimensional control data between data collection systems and engineering, design and viewing environments. With BitWyse software solutions, engineering and construction management can make more informed decisions based on accurate existing conditions data, resulting in increased design integrity, mitigation of risk, reduced costs and field rework, decreased project duration, and increased profitability. BitWyse’s clients include leading plant owner operators and engineering contractors such as Electric Boat (General Dynamics), Halliburton/KBR, Jacobs, Shaw Group – Stone & Webster, Bechtel, CH2MHill/Lockwood Greene, Washington Group, Worley Parsons, Woolpert, CDI, GHAFARI, Ambitech, Foster Wheeler, Fluor, BASF, ExxonMobil, Shell, ConocoPhillips, Monsanto, Nova Chemicals, BAYER, OxyChem and Pfizer.
About Trimble
Trimble is a leading innovator of Global Positioning System (GPS) technology. In addition to providing advanced GPS components, Trimble augments GPS with other positioning technologies as well as wireless communications and software to create complete customer solutions. Trimble’s worldwide presence and unique capabilities position the Company for growth in emerging applications including surveying, agriculture, machine guidance, asset and fleet management, wireless platforms, and telecommunications infrastructure. Founded in 1978 and headquartered in Sunnyvale, Calif., Trimble has more than 2,400 employees in more than 18 countries worldwide.
For an interactive look at company news and products, visit Trimble’s Web site at http://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, the performance and market acceptance of the software acquired from BitWyse Solutions, Inc., and Trimble’s success in marketing and licensing such software. Additional risks and uncertainties include: the risks inherent in integrating acquisitions; unanticipated expenditures, charges or assumed liabilities that may result from acquiring the assets; issues that may arise in supporting existing customers, developing the acquired software, or in integrating personnel; and changing relationships with BitWyse 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.
