Oppenheimer Reiterates Outperform on Trimble (TRMB)
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Delair-Tech Acquires Trimble's (TRMB) Gatewing UAS Unit
October 10, 2016 8:31 AM EDTTrimble (NASDAQ: TRMB) announced that Delair-Tech has acquired its Belgium-based Gatewing Unmanned Aircraft System (UAS) engineering and manufacturing business. Delair-Tech is a leading provider of long-range, fixed-wing UAS solutions for industrial inspection and asset management applications headquartered in Toulouse, France. Delair-Tech intends to grow the acquired business as part of its portfolio. Financial terms were not disclosed.
"This transaction is part of our continuing program to tighten our corporate focus," said Ron Bisio, vice president of Trimble's Geospatial Division. "Trimble will remain actively engaged in the market by leveraging its... More
