Trimble Navigation buys Redding’s Seco Manufacturing
Trimble Navigation bought surveying equipment maker Seco Manufacturing Co. of Redding.
Sunnyvale-based Trimble (NASDAQ: TRMB) paid cash, but didn’t say the price in the deal.
In January, Trimble bought Crain Enterprises Inc. of Mound City, Ill., and said this acquisition will complement that one. Crain makes similar equipment, used in surveying and construction, to what Seco makes. The name “Seco” comes from “Surveying Equipment Co.,” part of the company’s original name.
Trimble will fold Seco into its engineering and construction segment. Most of its revenue comes from that segment — $194.2 million out of total revenue of $355.3 million in the quarter ended March 28, for example.
Steven Berglund is CEO of Trimble, a job he’s had since March 1999.
The company, started in 1978 and incorporated in California in 1981, has 3,400 workers. It sells to customers in surveying, agriculture, construction and mapping industries, as well as other sectors. Trimble has joint ventures with Caterpillar Inc. (NYSE: CAT) and with Nikon Corp.
Trimble has bought a number of companies in the past year. Besides Crain and Seco, it bought Géo-3D of Montreal in January, HHK Datentechnik GmbH of Germany in December, some assets of UAI Inc. of Alabama in November and Ingenieurbüro Breining GmbH of Germany in September.