Nikon, Japan and Trimble, USA agree to establish a joint company
March 28, 2003
Nikon Corporation (YOSHIDA Shoichiro, Chairman and CEO) in Japan and Trimble Navigation Ltd. (Steven W. Berglund, President and CEO) in USA said today that they have reached an agreement to form a global strategic alliance in surveying instruments by forming a 50/50 joint venture in Japan to be called Nikon-Trimble Co. Ltd.
The main purpose of the joint venture is to further enhance the surveying instruments business of both companies. This will be achieved through the integration of Nikon's variety of advanced optical technology, highly established brand backed by its product quality and strong sales network in Japanese market, coupled with a broad range of products and the worldwide marketing network of Trimble, a world leader in this industry.
Nikon is a leading manufacturer of the optical surveying instruments such as total stations, and Trimble enjoys an outstanding position in its Global Positioning Systems, Robotic total stations and laser surveying instruments. The integration of both companies' product lines will enable the new company to satisfy the wide varied market requirements for high performance products as well as to achieve more effective sales activities through Nikon's sales network in Japan and Trimble's outside Japan.
Outline of the joint company
| Name of the company | Nikon-Trimble Co., Ltd. |
|---|---|
| Location of head office | Tokyo. |
| Main business | Development, manufacture and sales of surveying instruments* in Japan, their export and import and their after-sales servicing (*: Total Station, GPS, etc.). |
| Representatives: | Chief Executive Officer: undecided. (to be assigned from Nikon Corporation) Chief Operating Officer: undecided. (to be assigned from Trimble Navigation Ltd.) |
| Number of employees | 140 |
| Capital | 1,200 million yen (50/50 joint venture of Nikon and Trimble) |
| Expected start of operation | June 1, 2003 |
Outline of Trimble Navigation Ltd.
Trimble is a leading innovator of Global Positioning System (GPS) technology. In addition to providing advanced GPS components, Trimble augments GPS with other positioning technologies as well as wireless communications and software to create complete customer solutions. Trimble's worldwide presence and unique capabilities position the Company for growth in emerging applications including surveying, automobile navigation, machine guidance, asset tracking, wireless platforms, and telecommunications infrastructure. Founded in 1978 and headquartered in Sunnyvale, Calif., Trimble has more than 2,000 employees in more than 20 countries worldwide.
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