Nikon-Trimble Co., Ltd

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Trimble and Nikon Corporation formed a 50-50 joint venture in Japan, Nikon-Trimble Co., Ltd., to address the survey instruments market in March of 2003. As part of the joint venture, Trimble acquired a 50 percent ownership stake in Nikon-Trimble Co., Ltd., which assumed the operations of Nikon Geotecs Co., Ltd. in Japan.

The new entity focuses on the design and manufacture of surveying instruments including mechanical total stations and related products. In Japan, the joint venture distributes Nikon's survey products as well as Trimble's survey products including GPS and robotic total stations. Outside of Japan, Trimble became the exclusive distributor of Nikon survey and construction products.

The joint venture enhances Trimble's market position in survey instruments through geographic expansion and market penetration. The Nikon instruments broaden Trimble's survey and construction product portfolio and enable the Company to better access emerging markets in Russia, Eastern Europe, India and China. It provides Trimble with the ability to sell its GPS and robotic technology to existing Nikon customers around the world. Additionally, the new company improves Trimble's market position in Japan, which remains a major market for survey instruments.