Trimble acquires Ashtech

By on 27 April, 2011
 
Trimble has announced that it had entered into a definitive agreement to acquire the privately-held Ashtech S.A.S., headquartered in Carquefou, France, and its affiliates. The acquisition is expected to expand Trimble’s Spectra Precision portfolio of surveying products, and allow the company to better address emerging markets worldwide. Closing of the transaction, anticipated in the second quarter, is subject to certain closing conditions. Financial terms were not disclosed.
 
Ashtech has been developing GNSS technology for more than 25 years, creating the MobileMapper series of products for GIS and mapping, as well as the ProFlex 500 and ProMark series, a well-recognised GNSS land survey product line currently on the market.
 
The operating results of the acquired business will be reported within Trimble's Engineering and Construction segment.

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