Applied Technology: Trimble Acquires RFID Business
October 26, 2010 (FinancialWire) (http://www.financialwire.net/) — Trimble (NASDAQ: TRMB) said that it has acquired the business of ThingMagic, a developer of radio frequency identification (RFID) technology.
Massachusetts-based ThingMagic also offers development services to facilitate the integration of RFID into a range of applications.
Trimble said that the acquisition expands its technology portfolio and will enable the company to provide additional productivity solutions in its served industries.
Financial terms were not disclosed.
California-based Trimble applies technology used by field and mobile workers in businesses and government.
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