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Trimble to Expand Wireless Communications Capabilities with Acquisition of Pacific Crest 12.22.04

December 22, 2004
Trimble announced that it has entered into a definitive agreement to acquire privately held Pacific Crest Corporation of Santa Clara, Calif., in a cash transaction. Pacific Crest is a supplier of wireless data communication systems for positioning and environmental monitoring applications. Closing of the transaction, anticipated in early January, is subject to usual and customary closing conditions. Financial terms were not disclosed.

Pacific Crest's high-quality radio modems provide the necessary data link to increase GPS accuracy. Applications that can take advantage of wireless communications for precision performance include Real-time Kinematic (RTK) surveying and construction machine control for earthmoving operations. Trimble expects the Pacific Crest acquisition to further enhance its wireless data communications capabilities in the Engineering and Construction (E&C) business segment.

Pacific Crest Corporation has two core business areas. The company's products provide best-in-class solutions for precision RTK GPS applications that include surveying and machine control and supervisory control and data acquisition (SCADA) wireless applications for weather stations, aquaculture and offshore monitoring.

Pacific Crest will operate as part of Trimble's E&C business segment. The Company will continue to offer Pacific Crest products and is committed to continuing to serve their end user customer base.

Source: Trimble, Dec. 21, 2004