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  5. Trimble Acquires KOREC-FastMap and GeoSite Software Assets

M&A Deal Summary

Trimble Acquires KOREC-FastMap and GeoSite Software Assets

On December 19, 2008, Trimble acquired software company KOREC-FastMap and GeoSite Software Assets from Survey Supplies

Acquisition Highlights
  • This is Trimble’s 17th transaction in the Software sector.
  • This is Trimble’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2008-12-19
Target KOREC-FastMap and GeoSite Software Assets
Sector Software
Buyer(s) Trimble
Sellers(s) Survey Supplies
Deal Type Divestiture

Target

KOREC-FastMap and GeoSite Software Assets

United Kingdom
FastMap is an integrated field-based software suite for GIS data collection, maintenance, and use that supports all Ordnance Survey digital data sources as well as data from any GIS system that conforms to OpenGIS(R) standards. GeoSite product provides a complete solution for land surveyors and construction professionals for managing a full range of field to office functions such as processing data, editing CAD files, conducting volume analysis, and plotting production operations, all in a single software package.

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Buyer(S) 1

Buyer

Trimble

Westminster, Colorado, United States
Category Company
Founded 1978
Sector Information Technology
Employees12,700
Revenue 3.8B USD (2023)
DESCRIPTION
Entrance to Trimble Navigation's corporate headquarters in Sunnyvale, California.
Entrance to Trimble Navigation's corporate headquarters in Sunnyvale, California.

Trimble is a provider of location-based solutions. The Company integrates its positioning expertise in GPS, laser, optical and inertial technologies with application software, wireless communications, and services to provide an array of commercial solutions. Trimble's technology serves a variety of industries including agriculture, engineering and construction, transportation and wireless communications infrastructure. Trimble was founded in 1978 and is based in Westminster, Colorado.

DEAL STATS #
Overall 30 of 106
Sector: Software M&A 17 of 56
Type: Divestiture M&A Deals 4 of 12
Country: United Kingdom M&A 1 of 8
Year: 2008 M&A 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-04 Rawson Control Systems

Oelwein, Iowa, United States

Rawson Control Systems, Inc., designs, builds, and markets hydraulic and electronic controls for the farm and mobile equipment industry, including precision GPS variable rate drive products, control valves and speed reducers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-09 Callidus Precision Systems

Halle, Germany

Callidus Precision Systems GmbH, is a provider of 3D laser scanning solutions for the industrial market. Callidus' products enhance Trimble's 3D scanning portfolio, with both close- and mid-range scanning technology. The Callidus CP 3200 time-of-flight and the Callidus CPW 8000 pulse-wave scanners are utilized for applications within the power and manufacturing process plant markets as well as in shipbuilding and offshore applications.

Buy -

Seller(S) 1

SELLER

Survey Supplies

Liverpool, United Kingdom
Category Company
Founded 1967
Sector Distribution
DESCRIPTION

KOREC, is a distributor providing a single source supply for advanced GPS solutions to the construction, surveying and GIS industries in the United Kingdom and Ireland.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2008 M&A 1 of 1
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