(April 26, 2012, Weil News)
Trimble Navigation Ltd. announced today that it has reached a definitive agreement to acquire SketchUp, a 3D modeling platform, from Google. Global law firm Weil, Gotshal & Manges represented Trimble on the transaction, which is expected to close in the second quarter 2012 subject to customary closing conditions. Financial terms were not disclosed.
SketchUp is one of the most popular 3D modeling tools in the world, used by millions, including architects, engineers, construction firms, and building and design professionals, to design, model and visualize projects. As part of the SketchUp platform, Trimble will partner with Google on running and further developing SketchUp's 3D Warehouse, an online repository where users can find, share, store and collaborate on 3D models. The site enables users to create and share collections of models, including 3D Buildings.
Based in Sunnyvale, California, Trimble makes surveying, mapping, and marine navigation equipment that focuses on applications requiring position or location, including surveying, construction, agriculture, fleet and asset management, public safety, and mapping. The company was founded in 1978.
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