Trimble Acquires Assets of BitWyse Solutions Inc.
SUNNYVALE, Calif., May 2, 2006 Trimble announced today it has acquired the assets of privately-held BitWyse Solutions, Inc. of Salem, Massachusetts in an all-cash transaction. BitWyse is a leading data management company specializing in 2D and 3D software applications for engineering and construction plant design. Financial terms were not disclosed.
The purchase of BitWyse's assets is expected to extend Trimble's product portfolio of 3D laser scanning solutions by providing application-specific software capabilities within the Power, Process, and Plant vertical markets. These markets are increasingly utilizing laser scanning data to create as-built drawings, verify construction specifications and improve productivity.
"Our current laser scanning business has been primarily focused on the civil engineering and surveying market," said Jurgen Kliem, general manager of Trimble's Survey Division. By acquiring the assets of BitWyse we are able to offer complete industry-specific data management solutions, including hardware and software, to the Power, Process and Plant markets.
"We are pleased to become a part of Trimble," said Mark Klusza, founder and president of BitWyse. "We have collaborated with Trimble over the years on a variety of projects and we believe the acquisition is an ideal fit. The acquisition solidifies our best in class technologies and bundles it together to provide application-specific data management capabilities that enable productivity and construction management."
Mark Klusza and the staff of BitWyse will join Trimble as part of the transaction. The assets acquired from BitWyse will be part of Trimble's Engineering and Construction business segment.