Will Applanix act as a wholly owned subsidiary of Trimble?
Yes. Applanix will be a wholly owned subsidiary of Trimble and will continue its operations and manufacturing in Canada after the close. Moving forward, what are the financial implications for Trimble with the addition of Applanix? For fiscal year ending July 31, 2002, Applanix had revenues of CA$21.9 million or approximately US$16.3 million. The Company has been growing revenues at an average rate of more than 20% over the past few years. Trimble expects the acquisition to be neutral to earnings in 2003 and accretive in 2004. The company intends to recognize Applanix’s revenues under the its Portfolio Technologies business segment. How will this acquisition affect Trimble Sales and Marketing organizations? Applanix will operate as a stand-alone entity with its own sales force and marketing organization, but will work closely with Trimble’s Geomatics and Engineering Division to realize synergies. How will this affect Trimble Dealers and Distributors? The Applanix OEM business will not
