Trimble Acquires ThingMagic (MIT) RFID Technology (10/25/2010)

ThingMagic is an MIT spinoff developing RFID technology.

Trimble (NASDAQ: TRMB) announced today it has acquired the business of ThingMagic, Inc. of Cambridge, Massachusetts. ThingMagic is a leading developer of radio frequency identification (RFID) technology and offers advanced development services to facilitate the integration of RFID into a wide range of applications. The acquisition expands Trimble’s technology portfolio and will enable the company to provide additional productivity solutions in its served industries. Financial terms were not disclosed. read more

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