Trimble recently announced that it has entered into a definitive agreement to acquire SketchUp, one of the most popular 3D modelling tools in the world, from Google. The transaction is expected to close in the second quarter of 2012, subject to customary closing conditions and expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. While financial terms are not being disclosed, the transaction is not expected to be material to 2012 earnings per share.
SketchUp is currently used by millions of users annually—ranging from architects to engineering and construction firms to building and design professionals—for designing, modelling and visualising projects. The SketchUp product and its vision of "3D modelling for everyone" has allowed modellers worldwide, across a wide range of industries, to express design concepts easily, accurately and efficiently. Additionally, SketchUp users benefit from its extensive third-party developer community that provides industry-specific solutions for a variety of customers.
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