Trimble and Hexagon – mixed picture

It was a very busy week of earnings and economic news as global markets tried to figure out how the budget situation in the US would play out. In general, though their share prices were dragged down by larger economic news, engineering software company reports were...

GPS + drills = Trimble’s vision

Back in May, Trimble Navigation announced that it wanted to acquire Tekla Corporation to build out its vision of a connected construction site. Yesterday the company said that its Finnish subsidiary had acquired over 99% of Tekla’s outstanding shares, meaning...

Bentley shows what’s possible

Let’s just get it out there: I love user conferences. The marketing hype, neat stuff in the vendor/sponsor area, new product announcements, a motivational speaker … the whole thing. The best part, though, is hanging out with users. I talk to users all year long...

Trimble intends to acquire Tekla

Trimble Navigation today announced that it was launching an effort to acquire all outstanding shares of Tekla Corporation. The offer as stated today is for €15.00 per share in cash for a total of €337 million (about $489 million). This is a premium of 52% to Friday’s...

Tekla revenue up 23% in Q1

Tekla, a supplier of AEC software solutions, today announced solid revenue growth in the first quarter — and then Trimble, a supplier of navigation and surveying solutions, announced that it was interested in acquiring Tekla.First, Tekla’s results; Total revenue...

More good news: Tekla, CENIT

A Bank of America Merrill Lynch report arrived in my inbox this morning with the title “Do earnings never end” — how true. Here are two quick notes on today’s announcements to keep you up-to-date while I finish going over the results reported by Dassault...

Strong license growth lifts Tekla

Tekla Group has announced that license growth of about 30% contributed to overall revenue growth of 14% for the year through September 2010, with total revenue of €41 million. Third quarter revenue was €13.62 million, an increase of 16% over a relatively weak Q3 2009....