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Feb 24, 2006

MapBiz: Trimble Acquires GNSS Applications Firm

Global Positioning System (GPS) equipment maker Trimble, Inc. announced yesterday that it had acquired the intellectual property assets of The XYZs of GPS, Inc. Headquartered in Dickerson, Maryland, The XYZs of GPS develops real-time Global Navigation Satellite System (GNSS) reference station, integrity monitoring and dynamic positioning software.

Trimble says the purchase will extend its portfolio of infrastructure solutions by providing software that enhances differential GNSS correction systems used in marine aides to navigation, surveying, civil engineering, hydrography, mapping and Geographic Information System (GIS), and scientific applications. "“We believe that The XYZs of GPS software will greatly enhance our infrastructure solutions which are becoming increasingly critical for high precision applications," Jürgen Kliem, general manager of Trimble'’s Survey Division said.

The transaction was an all-cash deal, details of which were not announced. As part of the deal, Dr. Benjamin W. Remondi, president and CEO, and staff of The XYZs of GPS will join Trimble. "Dr. Remondi has been a pioneer in the development of GNSS positioning and its applications. We are extremely pleased to welcome him and his team to Trimble."” Mr. Kliem said.

See also:
MapBiz: GPS Boom Yields Record Earnings For Trimble