Trimble Navigation Limited To Enhance Office-to-Field Platform With Acquisition Of Google's SketchUp 3D Modeling Platform

Trimble Navigation Limited announced that it has entered into a definitive agreement to acquire SketchUp, one of the 3D modeling tools in the world, from Google. The transaction is expected to close in the second quarter of 2012, subject to customary closing conditions and expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. While financial terms are not being disclosed the transaction is not expected to be material to 2012 earnings per share. As part of the SketchUp platform, Trimble will also partner with Google on running and further developing SketchUp's 3D Warehouse, an online repository where users can find, share, store and collaborate on 3D models. Financial terms of the transaction were not available.