SUNNYVALE, Calif., Oct. 5, 2012 /PRNewswire/ -- Trimble (NASDAQ:
TRMB) announced today that it has acquired assets of privately-held
Refraction Technology, Inc. (REF TEK) of Plano, Texas, a leading provider of seismic
sensors and high-frequency data logging systems. The asset
acquisition is expected to extend Trimble's infrastructure
solutions for scientific research and monitoring applications.
Financial terms were not disclosed.
REF TEK provides seismometers, seismic recorders, motion
recorders, accelerometers and software for seismic and earthquake
engineering systems to government, scientific research and
structural monitoring organizations. The systems are used for
earthquake hazard mitigation, emergency response and warning
assessment, construction code and land use planning as well as oil,
gas and mining exploration.
"The addition of REF TEK's products augment Trimble's
traditional role in seismic monitoring and extend our portfolio of
infrastructure solutions," said Ulrich
Vollath, general manager of Trimble's Infrastructure
Division. "By combining GPS, seismic sensors and associated
software, Trimble will be able to provide complete solutions that
serve as a central data integration hub for multiple sensors to
address a wide range of monitoring applications."
"We are extremely excited to be a part of Trimble. Integrating
our core, market-leading technologies – GNSS for Trimble and
seismic data loggers for REF TEK – will make it possible for
customers to coherently measure both static and dynamic motion,"
said Paul Passmore, CEO of REF TEK.
"We will continue to produce superior instruments for the
earth science community with the advantage of leveraging Trimble's
global resources."
The REF TEK business will be reported in Trimble's Engineering
and Construction segment.
About Refraction Technology
Refraction Technology, Inc. produces digital recording
instruments for imaging studies and earthquake research
applications. The company offers high-resolution broadband seismic
and strong motion recorders that collect seismic data for
monitoring earthquakes and micro seismic events. REF TEK also
provides sensors, and command/control and processing software
solutions. Its products are designed for unmanned field-portable
seismic recording applications. Founded in 1975, Refraction
Technology is based in Plano,
Texas.
For more information, visit: www.reftek.com.
About Trimble
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.
For more information, visit: www.trimble.com.
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 successfully
integrate REF TEK's products and services with Trimble solutions,
maintain quality and improve future product offerings, and
otherwise realize the anticipated benefits of the asset
acquisition. Additional risks and uncertainties include: the risks
inherent in integrating an acquisition; unanticipated expenditures,
charges or assumed liabilities that may result from the
acquisition; and retaining key personnel and commercial
relationships. 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
SOURCE Trimble