SUNNYVALE, Calif., April 6, 2006- Trimble (NASDAQ: TRMB) today announced that it has acquired privately-held Quantm International, Inc. and its subsidiary Quantm Ltd. of Australia in an all-cash transaction. Quantm is a leader in transportation route optimization software used for planning highways, railways, pipelines and canals. The innovative software system enables infrastructure planners to examine and select route corridors and alignments that simultaneously optimize construction costs, environmental restrictions, existing feature avoidance and legislative obligations. The improved solution for the proposed route results in significant reductions in project planning time and cost. Financial terms of the transaction were not disclosed.
Trimble's Connected Construction Site strategy seeks to improve efficiency through a tighter integration of construction process information. Transportation route alignments generated by Quantm's software add another piece to the strategy by forming a closer link between the planning and design phases of a transportation project. Infrastructure owners, such as Departments or Ministries of Transportation, and the construction companies that support them can all benefit from Quantm's capabilities.
"Quantm is an industry leader for optimizing transportation route planning. The Quantm acquisition positions us to provide our customers with productivity enhancing products that cover more phases of a construction project than any other supplier," said Bryn Fosburgh, vice president responsible for Trimble's Engineering and Construction segment. "Quantm has successfully built a strong worldwide market position and has demonstrated profitable revenue growth."
"We are pleased to join Trimble," said Alan Griffiths, founder of Quantm. "The acquisition is an ideal fit. Now more customers around the world will have access to the advantages provided by Quantm's unique planning software."
Quantm will be reported within Trimble's Engineering and Construction business segment.
The Connected Construction SiteA goal of Trimble's Connected Construction Site strategy is to improve construction project management by providing easy integration of project data and customized status information to the construction professional in real time. Trimble has a range of solutions for the construction market including: design and data preparation, earthmoving grade control, site positioning, general and interior building and asset management. Through all phases of the construction process, Trimble provides tools to streamline work processes, minimize downtime and re-work. The Quantm system brings similar productivity enhancements to the planning, or pre-design, phase of a project and provides a seamless link to the design phase.
The Quantm Project Planning SystemThe speed of the Quantm system and its ability to deliver a range of alignments that meet defined constraints means that planners can now evaluate a large number of corridor and alignment options and model noise, travel time, vibration, user costs, fuel consumption or life-of-project costs. The system can also import or export data into CAD and Geographical Information Systems (GIS) packages when the project is ready to proceed to the design stage.
The Quantm system uses an advanced IT infrastructure, linked to the Internet, which enables project planners to take advantage of Quantm's unique technology from their desktop. The system is supported by a team that includes road and rail engineers, GIS technicians, transport researchers, mathematicians and system developers.
About QuantmThe Quantm system for route alignment selection addresses the challenges of the conventional approach to transportation route planning. By integrating the large amounts of environmental, engineering, cost and community data into a single analysis Quantm helps customers achieve the objective of demonstrating that "all reasonable alternatives" have been considered as required by NEPA and Section 4(f) of the Department of Transportation Act. The system has been successfully applied on road and rail projects worldwide, including California, Texas, Alaska, North Carolina, Indiana, Arkansas, Alabama, Nevada, Washington, Colorado, Louisiana, Delaware, Michigan and Idaho along with Canada, France, Spain, Portugal, Australia, New Zealand, South Africa, Indonesia and China. Quantm has offices and agents located in U.S, Mexico, Europe, Spain, Australia, Malaysia and China.
For more information visit Quantm at www.quantm.net.
About TrimbleTrimble 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, fleet and asset 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 news 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. This press release contains forward-looking statements that include risks and uncertainties such as the ability to achieve the expected financial performance off Quantm. Additional risks and uncertainties include the risks inherent in acquiring and integrating a company, unanticipated expenditures and changing relationships with customers. Among other things, economic trends and additional competitive issues may have an adverse effect on the success of the proposed acquisition. These and other risks are detailed from time to time in reports filed with the SEC, including Trimble's quarterly reports on Form 10-Q and its annual report on Form 10-K.