SUNNYVALE, CA - Trimble has entered into a definitive agreement to acquire all outstanding shares of @Road for $7.50 per share, according to Telematics Update. The transaction equity value is approximately $496 million. After subtracting @Road's net cash position of approximately $79 million, the transaction enterprise value is $417 million. The acquisition expands Trimble's investment and reinforces the existing growth strategy for its Mobile Solutions (TMS) segment. According to Frost and Sullivan, the emerging mobile resource management (MRM) segment is expected to grow from $1.2 million in 2006 to approximately $2.6 billion by 2010. A number of Trimble's existing businesses have the potential to add software products based on a recurring service model. The combination of @Road and Trimble will enable more aggressive development of these product categories. @Road’s investments in fault tolerant and scalable software infrastructure to support a large increase in subscribers with minimal additional investment, enables Trimble to deploy new applications to serve additional customers without the need for similar investment, according to Trimble. Subject to regulatory approval and other usual conditions, the transaction is expected to close during the first quarter of 2007, after the @Road shareholder vote. The transaction is not subject to a Trimble shareholder vote. @Road will be reported within Trimble's Mobile Solutions (TMS) business segment.