Trimble offers $489 million for Tekla
Trimble Navigation has made an offer for Finnish software firm Tekla.
Trimble Navigation has offered approximately $489 million (£298 million) for the purchase of Finnish software specialist the Tekla Corporation.
Business negotiations have resulted in the former party offering to acquire all outstanding shares in the latter, which is an industry leader in the field of building information modelling (BIM).
Tekla asserted that the integration of its BIM software systems with Trimble's offerings in project management and building construction estimating would enable the provision of "a compelling set of productivity solutions".
Describing the offer as "attractive", Olli-Pekka Laine, chairman of the board at Tekla, claimed it reflects improvements in financial and business performance for the firm.
"Given the strategic reasons outlined below and our common product vision, significant value to customers is to be gained if Tekla becomes a part of the Trimble organisation," he said.
Founded in 1978, Trimble specialises in GPS, laser, optical and inertial technologies and serves a varied array of industries, including construction, engineering and agriculture.