M&A Deal Summary

Xeos Technologies Acquires Trimble - REF TEK Business

On May 18, 2020, Xeos Technologies acquired test/measurement equipment company Trimble - REF TEK Business from Trimble

Acquisition Highlights
  • This is Xeos Technologies’ 1st transaction in the Test/Measurement Equipment sector.
  • This is Xeos Technologies’ 1st transaction in the United States.
  • This is Xeos Technologies’ 1st transaction in California.

M&A Deal Summary
Date 2020-05-18
Target Trimble - REF TEK Business
Sector Test/Measurement Equipment
Buyer(s) Xeos Technologies
Sellers(s) Trimble
Deal Type Divestiture

Target

Trimble - REF TEK Business

Sunnyvale, California, United States
Trimble - REF TEK Business provides seismic recorders, seismometers, accelerometers, and software for seismic and earthquake engineering systems to government, scientific research and structural monitoring organizations. The systems are used for scientific study, earthquake hazard mitigation, seismic warning assessment, earthquake structural response as well as oil and gas operations monitoring.

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Buyer(S) 1

Buyer

Xeos Technologies

Dartmouth, Nova Scotia, Canada
Category Company
Founded 2004
Sector Test/Measurement Equipment
DESCRIPTION

Xeos Technologies, Inc. focused on designing and manufacturing low-power communications and monitoring equipment for remote applications. The company provides reliable and innovative applications to track, monitor, and control moorings, buoys, and autonomous vehicles. Xeos was formed in 2004 and is based in Dartmouth, Nova Scotia.

DEAL STATS #
Overall 1 of 1
Sector (Test/Measurement Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

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 8 of 18
Sector (Test/Measurement Equipment) 1 of 1
Type (Divestiture) 8 of 18
State (California) 5 of 10
Country (United States) 7 of 17
Year (2020) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-06 HarvestMark

Sunnyvale, California, United States

HarvestMark is a provider of transparency and connection from the first to the last mile of the supply chain, enabling food producers and retailers to meet food safety requirements, build shopper loyalty, and optimize freshness and quality. HarvestMark was formed in 2005 and is based in Sunnyvale, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-14 MidStates VRS

Fargo, North Dakota, United States

MidStates VRS LLC is a provider of communications services farmland, oil fields and rapidly developing urban areas, providing farmers and surveyors in the region with the real-time GNSS correction services they need to improve their day-to-day work. MidStates VRS was founded in 2015 and is based in Fargo, North Dakota.

Buy -
Mergr

Product

Company

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