Trimble Enters into Definitive Agreement to Acquire
RolleiMetric Aerial Camera Assets from Rollei
SUNNYVALE, Calif., Sep. 17, 2008 — 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 in Europe, North and South America, and Asia, 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: 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: www.rollei.com
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 in Sunnyvale, Calif., Trimble has a worldwide presence with more than 3,600 employees in over 18 countries.
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.
Investor Relations Contact: Willa McManmon of Trimble: 408-481-7838
Media Contact: LeaAnn McNabb of Trimble: 408-481-7808