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Trimble Navigation buys Spectra Precision

Trimble Navigation Limited has announced that the company has completed its acquisition of the Spectra Precision businesses formerly owned by Thermo Electron Corp.

Spectra Precision's product line includes construction lasers, machine control systems, optical survey instruments and software. The acquisition is expected to broaden Trimble's portfolio of positioning technologies for the architecture, engineering, construction and agriculture markets.

"Trimble looks forward to combining the valuable talents and technologies Spectra Precision has to offer with our already successful product families," said Steven W. Berglund, Trimble's president and CEO. "The synergy will enable us to provide an even broader range of innovative positioning technologies and better serve our customers in the company's key growth markets.

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