Trimble announced that it has entered into a definitive agreement to acquire TopoSys GmbH of Biberach an der Riss, Germany in an all-cash transaction. TopoSys is a leading provider of aerial data collection systems comprised of LiDAR and metric cameras.
Sunnyvale, Calif.– Trimble (NASDAQ: TRMB) announced
that it has entered into a definitive agreement to acquire TopoSys GmbH of Biberach an der Riss, Germany in an
all-cash transaction. TopoSys is a leading provider of aerial data
collection systems comprised of LiDAR and metric cameras. Closing of the
transaction, anticipated to occur in the fourth quarter, is subject to certain
closing conditions. Financial terms were not disclosed.
TopoSys aerial data
collection systems are used by service companies collecting geospatial data by
LiDAR and photogrammetry as well as state authorities and municipalities involved
in supplying geospatial information. Typical applications include mapping for
coastline protection, floodplain control, city modeling, opencast pit mining,
and corridor mapping.
Over the last two years, TopoSys has evolved from an aerial services business
to an aerial data collection systems developer and integrator. The acquisition of TopoSys extends
Trimble's portfolio of engineering
scale mapping and asset management solutions. TopoSys will also provide a
European footprint to support Trimble’s aerial mapping customers, who face
short flight seasons, with regional support.
the aerial imaging solutions offered by our subsidiaries Applanix and INPHO. As
an integrator of the Applanix POSTrack direct georeferencing and flight management
system and RolleiMetric aerial industrial camera, TopoSys has developed high
productivity aerial data collection systems for engineering scale mapping and
asset management,” said Ken Spratlin,
director for strategy and business development for Trimble. “As part of the
Trimble Connected Site solutions, these systems will provide high accuracy
as-builts, enabling advanced process and workflow integration from the design
phase through construction to the subsequent maintenance phase-delivering
significant improvements in productivity.”
“With Trimble’s focus
on the geospatial solutions business, joining the company accelerates TopoSys’ evolution
to an aerial data collection systems developer and integrator,” said Svein
Vatslid, managing director of TopoSys. “We are pleased to become a part of
Svein Vatslid and the
staff of TopoSys will join Trimble and will be reported as part of the
Engineering and Construction segment.
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made in this press 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. These statements involve risks
and uncertainties, and actual events and results may differ materially from
those described in this news release. Factors that could cause or contribute to
such differences include, but are not limited to, continued customer use and
future market adoption of TopoSys solutions and, more generally, aerial data
collection and processing solutions, Trimble’s ability to integrate its
portfolio of aerial imaging and data collection solutions or to provide
compelling solutions that deliver significant improvements in productivity to
users, and changing economic trends and competitive pressures in the industry.
Additional risks and uncertainties include: the risks inherent in integrating
acquisitions; the ability to realize synergies through the integration of
TopoSys and its products; unanticipated expenditures, charges or assumed
liabilities that may result from the acquisition; and retaining key personnel.
More information about potential factors which could affect Trimble's business and financial results is set forth in
reports filed with the SEC, including Trimble's
quarterly reports on Form 10-Q and its annual report on Form 10-K. All forward
looking statements are based on information available to Trimble as of the date
hereof, and Trimble assumes no obligation to update such statements.
Trimble Enters into Definitive Agreement to Acquire TopoSys to Extend its Geospatial Solutions Business
September 14, 2008