Trimble completes approximately $17.8M acquisition of Applanix
Trimble completed its acquisition of Applanix on July 7, 2003, making the positioning and inertial-navigation specialist a wholly owned subsidiary. Trimble's annual report records an approximate $17.8 million purchase price.
Why it matters
Trimble completed its acquisition of Applanix Corporation for approximately US$17.8 million, making the positioning specialist a wholly owned subsidiary.
Evidence notes
- The approximately US$17.8 million transaction made Applanix a wholly owned Trimble subsidiary.
- Applanix added GNSS-inertial positioning and direct-georeferencing technology to Trimble’s portfolio.
- Applanix continues to operate as a current Trimble business.
Company context
Applanix, a Trimble company, develops integrated GNSS-inertial positioning and direct-georeferencing systems for air, land and marine platforms. Founded in 1991 and based in Richmond Hill, Ontario, its POS technology combines inertial sensors, satellite navigation and processing software.