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Trimble Acquires Assets of BitWyse Solutions, Inc.
SUNNYVALE, Calif., May 2, 2006—Trimble (NASDAQ: TRMB) 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 BitWyses 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 Jürgen 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.
Trimble is a leading innovator of Global Positioning System (GPS) technology. In addition to providing advanced GPS components, Trimble augments GPS with other positioning technologies as well as wireless communications and software to create complete customer solutions. Trimble's worldwide presence and unique capabilities position the Company for growth in emerging applications including surveying, agriculture, machine guidance, asset and fleet management, wireless platforms, and telecommunications infrastructure. Founded in 1978 and headquartered in Sunnyvale, Calif., Trimble has more than 2,400 employees in more than 18 countries worldwide.