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April 19th, 2011
Trimble Enters into Definitive Agreement to Acquire Ashtech

“With the acquisition of Ashtech, survey and construction professionals using Spectra Precision’s range of surveying solutions should be able to enjoy an even more comprehensive set of GNSS instruments to meet their daily job requirements,” said Joe Denniston, vice president of Trimble’s Spectra Precision Business. “Combining Ashtech’s wide portfolio of GNSS products with Spectra Precision’s global distribution network can provide surveyors exciting new choices for optimal efficiency.”

“Trimble’s acquisition of Ashtech is an ideal fit for both organizations. Our innovative GNSS portfolio and expertise complements Spectra Precision’s powerful brand and global reach,” said Francois Erceau, vice president and general manager of Ashtech. “The acquisition should benefit Ashtech’s existing customers in the markets we serve and enhance our ability to support them with an even broader portfolio moving forward.”

The operating results of the acquired business will be reported within Trimble’s Engineering and Construction segment.