Trimble to acquire Apache Technologies

March 21, 2005
Sunnyvale, CA--Trimble has entered into a definitive agreement to acquire privately held Apache Technologies (Dayton, OH) in an all-cash transaction. Apache designs, manufactures, and distributes professional laser products for construction leveling and alignment applications.

Sunnyvale, CA--Trimble has entered into a definitive agreement to acquire privately held Apache Technologies (Dayton, OH) in an all-cash transaction. Apache designs, manufactures, and distributes professional laser products for construction leveling and alignment applications. Closing of the transaction, anticipated in April, is subject to usual and customary closing conditions. Financial terms were not disclosed.

Trimble expects the Apache acquisition to extend its laser product portfolio for handheld laser detectors and entry-level machine displays and control systems. Apache's products set new standards for performance, accuracy, ruggedness, reliability, and repeatability in their respective markets and price ranges.

According to Bob Conner, president of Apache Technologies, the merger will enable Trimble and Apache to fully capitalize on the unique advantages offered by laser technology for the construction market.

Apache will operate as a wholly owned subsidiary and will be reported within Trimble's Engineering and Construction business segment. Trimble specializes in GPS, construction lasers, robotic total stations, and machine-control solutions, is creating a broad range of innovative solutions that changes the way construction work is done. The Engineering and Construction business of Trimble is focusing on the development of technology and solutions in the core areas of surveying, construction, and infrastructure.

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