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Trimble Acquires Yamei Electronics Technology in China

2018-11-16
SUNNYVALE, Calif., June 14, 2011—Trimble (NASDAQ: TRMB) announced today it has acquired Yamei Electronics Technology, Co. Ltd, a Chinese wholly foreign owned entity (WFOE) of Digisec Group of the Caymans. Yamei manufactures automotive electronics products used for anti-theft GPS monitoring and tracking, RFID-based smart key and start and on-board diagnostics systems. Yamei serves large customers such as SGM China, Geely, KYB (Japan), Shanghai 1Hai Car Rental Company, Toyota Logistics, and Gaungzhou Hino Motors among others. The acquisition is expected to expand Trimble's solutions for the automotive and other markets and allow the company to better address markets in China, Asia Pacific and India. Financial terms were not disclosed.

For more information, visit Trimble's Web site at:  www.trimble.com.