Trimble Navigation Acquires Spectra Precision


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Trimble Navigation Acquires Spectra Precision

RENTAL EQUIPMENT REGISTER STAFF

Rental Equipment Register, Jul 1, 2000

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DAYTON, Ohio - Trimble Navigation, developer of innovative Global Positioning System (GPS) technology-based products in Sunnyvale, Calif., has purchased Spectra Precision for approximately $200 million in cash and $80 million in seller debt financing.

Spectra provides software and laser-based construction surveying and machine control solutions to the construction, surveying, civil engineering and agricultural markets. The deal is expected to close at the end of the second fiscal quarter.

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