Trimble Acquires Spatial Dimension to Expand its Enterprise Land Management Solutions for Government and Private Industries
SUNNYVALE, Calif., Sept. 2, 2015 /PRNewswire/ -- Trimble (NASDAQ:TRMB) announced today that it has acquired privately held Spatial Dimension headquartered in Vancouver, Canada, with subsidiaries in South Africa, Brazil and Australia. Spatial Dimension's FlexiCadastre software is an enterprise scale land management solution adopted by leading mining companies and governments worldwide. The addition of FlexiCadastre broadens Trimble's land administration portfolio and ability to serve customers in both the public and private sectors across the mining, oil and gas, and forestry industries. Financial terms were not disclosed.
Launched by Spatial Dimension in 2003, FlexiCadastre is used by private and public organizations to manage their land-related business processes, obligations and compliance in over 100 jurisdictions globally. FlexiCadastre uses a workflow-centric and spatially-enabled approach to provide a scalable, enterprise ready and integrated solution to drive the efficient administration of mineral rights and contracts across multiple global jurisdictions. Through consultation, implementation and support, Spatial Dimension's FlexiCadastre solution has been successfully deployed across hundreds of land management projects for clients such as the World Bank, United States Agency for International Development (USAID), United Kingdom Department for International Development (DFID), Australian Department of Foreign Affairs and Trade (DFAT), government agencies and private sector companies around the world, including most of the world's largest mining companies.
"Spatial Dimension's strong position and proven expertise implementing land management solutions further expands Trimble's reach into the land administration market," said Matt Delano, business area director for Trimble's Land Administration solutions. "The acquisition of Spatial Dimension strengthens Trimble's portfolio for governments while expanding our customer base through land management solutions for industry and commercial-based applications."
"We are very excited to join Trimble. We share Trimble's vision of leveraging emerging geospatial technologies to solve our customer's challenges across a number of industries," said Bill Feast, chief executive officer of Spatial Dimension. "In addition to the continued focus on customer support and our core market, the acquisition will enable us to expand FlexiCadastre's global reach to address adjacent markets. This is truly an exciting time for Spatial Dimension and our customers, who can also benefit from Trimble's comprehensive portfolio of hardware and software solutions."
For more information about Spatial Dimension, visit: http://www.spatialdimension.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 extend and improve its land administration solutions through the acquisition of Spatial Dimension's FlexiCadastre. 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.
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SOURCE Trimble
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