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Trimble to Buy 3-D Laser Scanning Company

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HAMBURG, Germany, Sept. 17 -- Trimble, a Sunnyvale, Calif.-based developer of global positioning system (GPS) technology, announced today it has signed an agreement with EDF Environnement et Developpement SA of France to acquire its subsidiary, MENSI SA, a developer of terrestrial 3-D laser scanning technology. Trimble will acquire MENSI in a cash transaction valued at approximately $7.3 million. The initial purchase price is approximately $3.9 million, with additional payments up to $3.4 million based on revenue through 2007. Closing of the transaction is subject to approval by French...Read full article

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    Published: September 2003
    EDF Environnement et Developpementglobal positioning systemGPSMENSINews & FeaturesTrimbleLasers

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