SUNNYVALE, Calif., June 12 /PRNewswire-FirstCall/ -- Trimble (NASDAQ: TRMB) announced today it has acquired Accutest Engineering Solutions Ltd based in Derbyshire, UK. Accutest is a leading provider of vehicle diagnostics and telematics technologies for the automotive industry. The acquisition expands Trimble's ability to offer comprehensive solutions for a variety of Mobile Resource Management (MRM) applications including fleet management for light-duty and long-haul trucking. Financial terms were not disclosed.
Accutest manufactures products for system and software validation, hardware-in-the-loop, diagnostics, end-of-line test, remote on-board diagnostics, diagnostic access and monitoring, telematics and fleet management systems (FMS) access. Accutest also provides expertise in the design and development of network communications, at both the system and component level, over Controller Area Network (CAN), Local Interconnect Network (LIN), Media Oriented Systems Transport (MOST) and FlexRay-bus networks.
"We are excited to add Accutest solutions, products and skills to our portfolio," said Andrew Yeoman, managing director of Trimble's MRM, EMEA. "By leveraging our GPS-based fleet management technologies with Accutest vehicle diagnostics, we can provide comprehensive solutions to customers who are looking to drive efficiencies in their operations by reducing fuel consumption and CO2 emissions."
"The financial strength, complementary product set and global resources that Trimble brings to our business provide an exciting opportunity for growth," said Ken Scott, managing director of Accutest. "We are excited to join Trimble and believe that our combined competencies will provide unique solutions to address fleet maintenance, fuel consumption, emissions and management."
Accutest will be part of Trimble's Mobile Solutions segment.
Since 1992, Accutest has been recognized as a leader in the implementation of diagnostics led solutions. Accutest has been a working member of the leading standards committee--the International Working Group for ISO and SAE Standards for Diagnostics, setting the international standards for On-Board Diagnostics (OBD and OBDII and EOBD). This close involvement with the standards group has led to a deep understanding of the technical aspects and of the application of diagnostic standards.
Accutest works with leading vehicle manufacturers and component suppliers on vehicle CANbus development and has a unique knowledge of current and future specifications across virtually all vehicle types as well as in aerospace, marine, industrial plant and machinery.
For more information, visit: http://www.accutest.co.uk
About Trimble MRM
Trimble MRM solutions are designed to automate the management of mobile resources and to optimize the service delivery process for customers across a variety of industries. Trimble delivers MRM solutions to global vertical markets which include: telco, construction supply, field service, and transportation & distribution. Trimble MRM solutions are designed to provide a secure, scalable, upgradeable, enterprise-class platform, and are offered in on-demand software delivery, on-premise or hybrid environments that can seamlessly connect mobile workers in the field to real-time data. More information about Trimble MRM solutions can be found at www.trimble.com/mobile_resource_management.
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 Trimble's Web site at: 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: whether Trimble will be able to successfully expand its ability to offer comprehensive MRM solutions as a result of the Accutest acquisition; the ability of Trimble to integrate Accutest's vehicle diagnostics with Trimble's GPS-based fleet management technologies; whether Trimble will be able to offer comprehensive, unique and compelling MRM solutions which can reduce fuel consumption and CO2 emissions; and whether customers will adopt such solutions, especially given the impact of worldwide recessionary conditions on customer purchasing decisions. Additional risks and uncertainties include: the risks inherent in integrating an acquisition; unanticipated expenditures, charges or assumed liabilities that may result from the acquisition; retaining key personnel; and the continuing impact of the current global recession. More 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.