Trimble announced today it has acquired privately-held SECO Manufacturing Company of Redding, Calif., in an all-cash transaction. SECO is a leading manufacturer of accessories for the geomatics, surveying, mapping, and construction industries. Financial terms were not disclosed.
Calif., July 30, 2008 - Trimble (NASDAQ: TRMB) announced today it has
acquired privately-held SECO Manufacturing Company of Redding, Calif.,
all-cash transaction. SECO is a leading manufacturer of accessories for
geomatics, surveying, mapping, and construction industries. Financial
were not disclosed.
manufactures and distributes accessories for surveying instruments,
robotics, and mapping and Global Positioning System (GPS) systems,
includes products such as tripods, prism poles, rover rods, brackets,
carrying cases, and backpacks. Along with offering company-branded
SECO also offers custom-made private labeled solutions.
complements Trimble's recent acquisition of Crain Enterprises, which
announced in January of 2008. The purchase of SECO and Crain allows
provide the necessary accessories that can be offered as part of its
positioning solutions used in the Engineering and Construction markets.
specializes in the development, fabrication and machining of metallic
products while Crain is more focused on polymer and composite-based
Both SECO and Crain are innovative and agile producers. These
expected to permit marked improvements in functionality for customers
generation products. In addition, Trimble, SECO and Crain will be able
leverage distribution channels throughout the world.
the recent acquisition of Crain Enterprises and now SECO, we are well
positioned to lead the engineering and construction accessories
said Bryn Fosburgh, sector vice president of Trimble. "SECO will enable
to continue to augment our existing product lines by offering
accessories as part of our solutions portfolio. Since accessories are
system components, they are often key to achieving total solution
The acquisition allows us to better satisfy our user's needs."
worked closely with Trimble since the early 1980's and we believe the
acquisition is an ideal fit," said Mike Dahl, vice president and
manager of SECO. "The acquisition solidifies our industry leadership
position and gives us access to further expansion by leveraging
worldwide distribution channel."
SECO will be
part of Trimble's Engineering and Construction segment.
more information, visit: www.surveying.com
information, visit Trimble's Web site atwww.trimble.com.
Trimble Acquires Second Engineering and Construction Accessories Company
July 30, 2008