Published: September 17, 2008
Trimble Enters into Definitive Agreement to Acquire RolleiMetric Aerial Camera Assets from Rollei
SUNNYVALE, Calif., Sep. 17 /PRNewswire-FirstCall/ -- Trimble
(Nasdaq: TRMB) today announced that it has entered into a definitive agreement
to acquire the assets of RolleiMetric from Rollei GmbH of Braunschweig,
Germany in an all-cash transaction. RolleiMetric is a leading provider of
metric camera systems for aerial imaging and terrestrial close range
photogrammetry. Closing of the transaction, anticipated at the beginning of
the fourth quarter, is subject to certain closing conditions. Financial terms
were not disclosed.
The purchase of the RolleiMetric products broadens Trimble's portfolio of
engineering scale mapping and asset management solutions. RolleiMetric's
Aerial Industrial Camera (AIC) has established an excellent reputation with
aerial mapping system original equipment manufacturers (OEM) and end users,
and complements Trimble's existing Spatial Imaging solutions as well as aerial
imaging solutions offered by its subsidiaries Applanix and INPHO.
Additionally, RolleiMetric personnel will enable Trimble to bring metric
camera optics and mechanical design expertise in-house. With a customer base
inEurope, North andSouth America, andAsia, RolleiMetric products are used
by service companies collecting geospatial data by photogrammetry as well as
state authorities and municipalities involved in supplying geospatial
information.
"RolleiMetric complements our existing Integrated Surveying, Spatial
Imaging, Site Positioning, Mapping and GIS, and Mobile Mapping solutions. Our
focus is on integrating these solutions to streamline the collection and
maintenance of high accuracy as-built drawings for the transportation, civil
engineering, and utilities and energy transmission and distribution
industries," said Ken Spratlin, director for strategy and business development
for Trimble. "As part of the Trimble Connected Site solutions, high accuracy
as-builts enable advanced process and workflow integration from the design
phase through construction to the subsequent maintenance phase-delivering
significant improvements in productivity."
"RolleiMetric provides a core competency in metric camera optics and
mechanical design to augment Trimble's portfolio of solutions," said Tobias
Toelg, managing director of RolleiMetric. "The acquisition provides us access
to Trimble's global resources that we can leverage to better serve our
existing and future clients worldwide. We are pleased to become a part of
Trimble."
Tobias Toelg and the staff of RolleiMetric will join Trimble and will be
reported as part of the Engineering and Construction segment.
About RolleiMetric GmbH
RolleiMetric develops and commercializes camera systems and software
designed for aerial imaging and terrestrial close range photogrammetry.
RolleiMetric has been involved in the field of metric imaging and
photogrammetry since it was founded as a division of Rollei in 1986.
For more information, visit: http://www.rollei-metric.com
About Rollei GmbH
Rollei GmbH, established in 1920, is one of the oldest camera companies in
the world. Rollei is active in the field of medium format cameras for
professional photographers as well as in the consumer camera sector. By
selling RolleiMetric which is active in the industrial sector, Rollei is
concentrating its efforts in the field of professional photography and
consumer photography. Rollei GmbH is based in Braunschweig,Germany.
For more information, visit: http://www.rollei.com
About Trimble
Trimble applies technology to make field and mobile workers in businesses
and government significantly more productive. Solutions are focused on
applications requiring position or location -- including surveying,
construction, agriculture, fleet and asset management, public safety and
mapping. In addition to utilizing positioning technologies, such as GPS,
lasers and optics, Trimble solutions may include software content specific to
the needs of the user. Wireless technologies are utilized to deliver the
solution to the user and to ensure a tight coupling of the field and the back
office. Founded in 1978 and headquartered inSunnyvale, Calif., Trimble has a
worldwide presence with more than 3,600 employees in over 18 countries.
For more information, visit: http://www.trimble.com
Certain statements 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, the satisfaction of conditions to closing the asset purchase
and the timing of such closing, Trimble's ability to successfully integrate
RolleiMetric products with Trimble solutions and offer compelling integrated
solutions, the ability to leverage Trimble's global resources to better
service RolleiMetric customers, and continued customer use and future market
adoption of the RolleiMetric products and integrated solutions. Additional
risks and uncertainties include: the risks inherent in integrating asset
acquisitions; unanticipated expenditures, charges or assumed liabilities that
may result from the asset acquisition; issues that may arise in supporting
existing customers, developing and integrating the acquired products, or in
integrating personnel; and changing relationships with suppliers, technology
licensors, distributors, and customers of RolleiMetric. 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.
For more information, visit: http://www.trimble.com
GTRMB
SOURCE Trimble
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