Oct 6 2012
Trimble (NASDAQ: TRMB) announced today that it has acquired assets of privately-held Refraction Technology, Inc. (REF TEK) of Plano, Texas, a leading provider of seismic sensors and high-frequency data logging systems. The asset acquisition is expected to extend Trimble's infrastructure solutions for scientific research and monitoring applications. Financial terms were not disclosed.
REF TEK provides seismometers, seismic recorders, motion recorders, accelerometers and software for seismic and earthquake engineering systems to government, scientific research and structural monitoring organizations. The systems are used for earthquake hazard mitigation, emergency response and warning assessment, construction code and land use planning as well as oil, gas and mining exploration.
"The addition of REF TEK's products augment Trimble's traditional role in seismic monitoring and extend our portfolio of infrastructure solutions," said Ulrich Vollath, general manager of Trimble's Infrastructure Division. "By combining GPS, seismic sensors and associated software, Trimble will be able to provide complete solutions that serve as a central data integration hub for multiple sensors to address a wide range of monitoring applications."
"We are extremely excited to be a part of Trimble. Integrating our core, market-leading technologies – GNSS for Trimble and seismic data loggers for REF TEK – will make it possible for customers to coherently measure both static and dynamic motion," said Paul Passmore, CEO of REF TEK. "We will continue to produce superior instruments for the earth science community with the advantage of leveraging Trimble's global resources."
The REF TEK business will be reported in Trimble's Engineering and Construction segment.
Source: http://www.trimble.com