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TheStreet Open House

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

"In Trimble, we found a partner that will grow SketchUp in a way that best supports the SketchUp team and our users," said Brian McClendon, Google's vice president of engineering. "While at Google, the SketchUp community grew significantly because the team put users first, and we are confident they will continue to do so at Trimble. We at Google look forward to a continued partnership with Trimble and the SketchUp team."

SketchUp

As a part of Google, SketchUp's charter was to empower a worldwide community of users to create 3D models for whatever their imagination could envision. Examples range from household furniture to famous stadiums and other buildings. These users come from a variety of backgrounds, with a large part of SketchUp's user community coming from a professional architectural or engineering and construction background.  As a part of Trimble, SketchUp will continue to support all of its current users through its Web site at: http://sketchup.google.com/.  Concurrently, the SketchUp engine will be integrated into Trimble's current solutions in its Engineering and Construction, Field Solutions and Mobile Solutions segments.   

About Trimble  

Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location—including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978, Trimble is headquartered in Sunnyvale, Calif.

For more information, visit:  http://3d.trimble.com.

Safe Harbor

Certain statements made in this press release include forward-looking statements within the meaning of Section 21E of the Securities Exchange Act and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995.  These statements include the timing of closing the acquisition and its expected financial impact on earnings per share.  These forward-looking statements are subject to change, and actual results may materially differ from those set forth in this press release due to certain risks and uncertainties.  Factors that could cause or contribute to changes in such forward-looking statements include, but are not limited to (i) realizing the anticipated benefits of the acquisition of SketchUp, (ii) successfully completing the acquisition of SketchUp and the timing of the closing, (iii) Trimble's ability to successfully integrate and expand SketchUp's platform and, (iv) the risks and uncertainties associated with unexpected expenditures or assumed liabilities that may be incurred as a result of the acquisition and retaining key SketchUp personnel and customers. The timing of closing will depend on the receipt of regulatory approvals and the satisfaction of closing conditions.  Any failure to achieve predicted results could negatively impact Trimble's revenues, cash flow from operations, and other financial results.  Trimble's financial results will also depend on a number of other factors, including the risks detailed from time to time in reports filed with the Securities and Exchange Commission, including its quarterly reports on Form 10-Q and its annual report on Form 10-K. Undue reliance should not be placed on any forward-looking statement contained herein, especially in light of greater uncertainty than normal in the economy in general. These statements reflect Trimble's position as of the date of this release. Trimble expressly disclaims any undertaking to release publicly any updates or revisions to any statements to reflect any change in Trimble's expectations or any change of events, conditions, or circumstances on which any such statement is based.

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