Trimble Navigation Ltd.
), original equipment manufacturer (OEM) of positioning,
surveying and machine control products, has completed its
acquisition of ALK Technologies Inc. for an undisclosed sum.
New Jersey-based ALK Technologies is a privately-held company
that started its journey in 1979. For the past three decades, it
has been offering innovative and high-quality routing, mileage
and mapping solutions to the transportation, logistics and mobile
industries. ALK Technologies enjoys a commanding presence as its
solutions are used in 64.0% of for-hire motor carriers in the
Upon the completion of the deal, ALK Technologies's map-based
solutions will be added to Trimble's transportation and logistics
product portfolio and will come under Trimble's Mobile Solutions
The acquisition will enable Trimble to provide better mapping
and GPS solutions to professional drivers of the logistics,
manufacturing, government and transportation sectors.
Trimble has an aggressive merger and acquisition strategy. In
2012 itself, Trimble completed half a dozen acquisitions with
varying business models. Earlier this year, Trimble acquired a
3-D modeling software platform from Internet search giant
). The company's acquisitions have helped it to build a desired
portfolio, enhance its product line and boost its top line.
In the third quarter of fiscal 2012, Trimble earned revenues
of $504.8 million. Revenues were down 2.5% sequentially, but
jumped 20.9% year over year. The year-on-year revenue growth was
supported by a 44.3% jump in Service revenue, further supported
by 35.2% and 16.1% year-over-year gains in Subscription and
Product revenue, respectively.
Both Trimble and Google have a Zacks #3 Rank (Hold).
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