Trimble Acquires TDS
First Spectra Precision and now TDS. Trimble Navigation Limited, Sunnyvale, Calif., a worldwide leader in the development of Global Positioning Systems (GPS) technology-based products, today announced that it has entered into a definitive agreement to acquire Tripod Data System (TDS), Corvallis, Ore. TDS is a leading developer of data collection software for the land surveying, construction and Geographic Information System (GIS) markets.
The TDS acquisition is valued at less than $15 million. Closing of the transaction is anticipated by the end of fiscal fourth quarter of 2000. Further details of the agreement were not disclosed.
TDS has three core business components. The company develops software for data collection applications, manufactures rugged Windows CE-based handheld data collectors such as their TDS Ranger, and develops software for pen computer applications through its Pen Metrics business unit.
“TDS will strengthen our current position in the land survey, construction and GIS segments and provide capabilities for their applications,” said Steven W. Berglund, president and chief executive officer. “In addition, this acquisition will reinforce Trimble's strategy of combining position, wireless communication and data into solutions for our targeted markets.”
With Trimble’s recent acquisition of Spectra Precision, a leading provider of construction lasers, machine control systems, optical surveying instruments and related software, Trimble now broadens its portfolio of positioning solutions for the engineering and construction, and agriculture markets.