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Trimble Acquires Apache Technologies

April 20, 2005
Trimble announced that it has entered into a definitive agreement to acquire privately held Apache Technologies Inc. of Dayton, Ohio, in an all-cash transaction. Apache designs, manufactures, and distributes professional laser products for construction leveling and alignment applications. Closing of the transaction, anticipated in April, is subject to usual and customary closing conditions. Financial terms were not disclosed.

Trimble expects the Apache acquisition to extend its laser product portfolio for handheld laser detectors and entry-level machine displays and control systems. Apache's products set new standards for performance, accuracy, ruggedness, reliability, and repeatability in their respective markets and price ranges.

Apache will operate as a wholly owned subsidiary and will be reported within Trimble's Engineering and Construction business segment.

Source: Trimble, March 21, 2005