Trimble Navigation Limited
935 Stewart Drive
Post Office Box 3642
Sunnyvale, CA 94085
Trimble Acquires CSC to Extend its Trimble Buildings
SUNNYVALE, Calif., Nov. 21, 2013—Trimble (NASDAQ:TRMB) announced today that it has acquired privately-held CSC (UK) Ltd. headquartered in Leeds, United Kingdom from ISIS Equity Partners LLP and senior management. CSC's products include software solutions for the analysis and design of steel and concrete buildings. Financial terms were not disclosed.
Trimble and CSC share experience in the global building and construction market including a large customer base of engineering organizations. With a strong presence in the United Kingdom, Asia, South Africa, Middle East and U.S., CSC is a strategic Analysis and Design (A&D) partner of Tekla, a Trimble Company since 2011. In addition, CSC's building design software complements Trimble Buildings' solution portfolio.
"The acquisition of CSC reinforces our goal of connecting key workflows across the design, build and operate continuum. It extends our offering to provide complete workflow solutions from design to rebar fabrication," said Risto Räty, general manager of the Trimble Buildings' Structures Division. "Together with CSC we are looking forward to providing an extended solution to our engineering clients. In addition, we are actively expanding our cooperation with other A&D software companies in different markets around the world."
"Being acquired by Trimble will help CSC strengthen our presence in existing markets and accelerate growth in strategically important emerging markets where we currently have limited presence," said Mark Roberts, CEO at CSC. "This offers an exciting opportunity for our products and our people to become part of a truly global business. Trimble will help CSC realize our ambitions far quicker than we could have done by organic growth."
CSC will become part of the Trimble Buildings' Structures Division in the Engineering and Construction segment.
CSC has been an innovative structural software and technical support provider to structural engineers for more than 35 years. Thousands of engineers across the globe choose CSC software for their structural design calculations, general analysis, and steel and concrete building design. CSC supplies both small and large businesses from regional offices in Australia, Hong Kong, India, Malaysia, Singapore, South Africa, UK and U.S. For more information, visit: www.cscworld.com.
About Trimble Buildings Group
Trimble Buildings, a part of Trimble's Engineering and Construction Segment, is a world leader in construction project optimization across the design-build-operate (DBO) lifecycle. By providing intuitive software and field solutions that span the brands of Meridian Systems, Plancal, SketchUp, Tekla, Trade Service, Vico Software and WinEst, Trimble is dedicated to helping building owners and AEC service providers improve productivity, increase efficiencies and maximize profitability of construction projects across the entire workflow from simulation to renovation. Used in over 141 countries around the world and supported by a global dealer and distribution partner network, precision Trimble technology is a mainstay of the building industry. Trimble Buildings' leading technology platform, Trimble DBO, draws on unparalleled expertise from across the entire continuum to provide building professionals with a comprehensive solution that responds to their specialized needs while benefiting from an understanding of the total workflow at every step.
For more information, visit: Trimble Buildings.
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, Trimble is headquartered in Sunnyvale, Calif.
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, Trimble's ability to realize the anticipated benefits from the acquisition of CSC, extend its solutions to engineering clients and accelerate the adoption of CSC solutions in emerging markets. Additional risks and uncertainties include the risks inherent in integrating an acquisition, including unanticipated expenditures, charges or assumed liabilities that may result from the acquisition and retaining key personnel and commercial relationships. 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