Source: Trimble

Trimble has entered into a definitive agreement to acquire certain assets related to the OmniSTAR Global Navigation Satellite System (GNSS) signal corrections business from Fugro N.V. The acquisition is expected to significantly expand Trimble's worldwide ability to provide land-based correction services for agriculture, construction, mapping and Geographic Information System (GIS) and survey applications. Trimble and Fugro also entered into a multi-year service agreement which includes Fugro's ongoing operation of its correction network and satellite service broadcast systems that power the OmniSTAR service. Fugro's offshore marine business is unaffected. Closing of the transaction, anticipated in the first quarter, is subject to certain closing conditions. Financial terms were not disclosed.

OmniSTAR provides space-based GNSS correction services that can improve the accuracy of a GNSS receiver for precise positioning applications. Currently, there are four levels of OmniSTAR service: "VBS" offering sub-meter positioning, "XP" delivering better than 20 centimeter accuracy and "HP" delivering greater than10 centimeter accuracy. In addition, the new OmniSTAR "G2" service combines GPS plus GLONASS based corrections to provide decimeter level positioning. 

Original news release