Applanix becomes a wholly owned Trimble subsidiary
Trimble completed its acquisition of Applanix Corporation for approximately US$17.8 million, making the positioning specialist a wholly owned subsidiary.
Evidence notes
- Trimble completed the transaction on 7 July 2003.
- The disclosed purchase price was approximately US$17.8 million.
- 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.