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Article: Trimble to Expand Positioning Technology Portfolio With Acquisition Of Applanix.
- Article from:
- PR Newswire
- Article date:
- June 20, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Trimble today announced that it has entered into a definitive agreement to acquire privately held Applanix Corporation of Ontario, Canada in a stock transaction valued at CA$25 million (approximately US$18.6 million). Applanix is a leading developer of systems that integrate Inertial Navigation System (INS) and Global Positioning System (GPS) technologies. Closing of the transaction, anticipated in the next three weeks, is subject to usual and customary closing conditions.
Trimble expects the Applanix acquisition to extend its technology portfolio and enable increased robustness and capabilities in its future positioning products. An early focus will be in the ...
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Article: Applanix emerges.(News Bytes)
Geospatial Solutions;
November 1, 2003 ;
368 words
...Applanix (www.applanix.com), a maker of inertial measurement and navigation system used ... data acquisition. In October, Trimble (www.trimble.com), Applanix's parent company, acquired Emerge and its product designs. Emerge ...
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