Trimble acquired privately-held HHK Datentechnik GmbH of Braunschweig, Germany, a provider of customized office and field software solutions for the cadastral survey market in Germany. Financial terms were not disclosed.
Trimble Acquires HHK Datentechnik GmbH in Germany to Localize Software Applications for the European Survey and Data Collection Markets
SUNNYVALE, Calif., Jan. 22, 2008 – Trimble (NASDAQ:TRMB) announced today that it has acquired privately-held HHK Datentechnik GmbH of Braunschweig, Germany, a provider of customized office and field software solutions for the cadastral survey market in Germany. Financial terms were not disclosed.
The addition of HHK software resources and expertise enables Trimble to further address local application requirements and provide customized survey solutions across Germany and in Europe.
“The acquisition of HHK continues to reinforce our goal of providing complete survey solutions and our commitment to meet the unique needs of the European market. HHK’s strength lies in its ability to customize German survey software applications and provide users with intuitive work processes for optimal efficiency and productivity in the field and office,” said Jürgen Kliem, general manager of Trimble’s Survey Division. “Over the last several years we have seen significant growth in Europe for our survey solutions and this acquisition, coupled with our other strategic initiatives, contributes to our efforts to maintain our growth trajectory.”
“As engineers we are fascinated by Trimble’s modern technologies,” said Mr. Bernd Hartwig, president of HHK Datentechnik. “Using the best technology and having a strong partner is the best foundation to serve the changing local and global markets for the future. The globalization process will not stop, so joining a worldwide operating company is ideal to make us even stronger than before which will benefit all our existing customers.”
HHK’s management and staff will join Trimble’s Survey Division as part of the Engineering and Construction segment.
About HHK Datentechnik
Founded in 1984, HHK Datentechnik GmbH of Braunschweig, Germany, develops and markets specialized office management, Computer Aided Design (CAD) and Geographic Information System (GIS) software solutions for municipal and cadastral offices as well as utility suppliers and engineering organizations.
With offices in Braunschweig, Berlin, Bergheim and Munich, HHK provides industry expertise in meeting state-specific cadastral requirements for administration, planning and design, area-oriented data collection and data documentation to operate within German states.
About Trimble's Engineering and Construction Business
Trimble, a world leader in GPS, construction lasers, robotic total stations and machine control solutions, is creating a broad range of innovative solutions that changes the way construction work is done. The engineering and construction business of Trimble is focusing on the development of technology and solutions in the core areas of surveying, construction and infrastructure. From concept to completion, Trimble's integrated systems streamline jobs and improve productivity.
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 acceptance of HHK Datentechnik’s customized survey solutions for the German market; the ability of HHK and Trimble to provide compelling localized product offerings for the German cadastral survey market; Trimble’s ability to maintain growth in the European survey solutions sector, whether through acquisitions, strategic initiative or otherwise; and changing economic trends and competitive pressures in the industry. Additional risks and uncertainties include: the risks inherent in integrating an acquisition; 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.