SUNNYVALE, Calif., Aug. 1, 2016 /PRNewswire/ -- Trimble (NASDAQ:
TRMB) announced today the acquisition of AXIO-NET GmbH from Airbus
Defence and Space. Based in Hannover,
Germany, AXIO-NET is a prominent provider of Global
Navigation Satellite System (GNSS) corrections and professional
data services serving Germany, the
United Kingdom and Benelux.
Financial terms of the transaction were not disclosed.
AXIO-NET, founded in 2008, delivers both real-time and
post-processed network Real Time Kinematic (RTK) solutions to a
broad range of users including surveyors, GIS professionals and
farmers. In addition to traditional correction services, AXIO-NET
performs a variety of data-based professional services for the
geospatial market, including coordinate transformation services as
well as network set-up, configuration and operations
consulting.
"Our philosophies are highly complementary and together, we will
extend Trimble's position as a global leader of GNSS corrections,"
said Patricia Boothe, general
manager of Trimble's Advanced Positioning Division. "We are
committed to supporting AXIO-NET's brand-agnostic position, while
we leverage their experience with professional services, not only
in traditional markets such as geospatial and agriculture, but in
emerging high-accuracy GNSS markets such as automotive."
About AXIO-NET GmbH
AXIO-NET provides reference networked services delivering highly
accurate, satellite-based positioning and navigation information.
The portfolio offers GNSS correction data for a number of different
industry applications including: survey, construction,
agriculture and automotive. AXIO-NET also supports the design,
implementation and operation of local reference networks. For more
information about AXIO-NET, visit: www.axio-net.eu.
About Trimble
Trimble is transforming the way the world works by delivering
products and services that connect the physical and digital worlds.
Core technologies in positioning, modeling, connectivity and data
analytics enable customers to improve productivity, quality, safety
and sustainability. From purpose built products to enterprise
lifecycle solutions, Trimble software, hardware and services are
transforming a broad range of industries such as agriculture,
construction, geospatial and transportation and logistics. For more
information about Trimble (NASDAQ:TRMB),
visit: www.trimble.com.
This press release contains forward-looking statements
regarding the operations and prospects of Trimble and its
acquisition of AXIO-NET. These forward-looking
statements are subject to change, and actual results may materially
differ due to certain risks and uncertainties. Factors that could
cause or contribute to changes in such forward-looking statements
include, but are not limited to (i) realizing the anticipated
benefits of the acquisition, (ii) Trimble's ability to maintain and
extend its position in GNSS corrections through the acquisition,
and (iii) the risks and uncertainties associated with unexpected
expenditures or assumed liabilities that may be incurred as a
result of the acquisition. 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.
GTRMB
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/trimble-acquires-axio-net-gmbh---recognized-provider-of-gnss-services-300306832.html
SOURCE Trimble