Michael Baker acquires GeoResearch
Oct. 1, 1998 Michael Baker Corporation announced the acquisition of GeoResearch and the creation of Baker GeoResearch.
This entity combines the historic market position of Baker in geospatial information technology services with the innovative technology development of GeoResearch -- the first company to fully integrate global positioning systems (GPS) and geographic information systems (GIS) in the mid-1980s.
With projected 1998 revenues of $ 20 mm, Baker GeoResearch is uniquely positioned to serve a rapidly growing GPS market which, according to the US Department of Commerce, is projected to grow world-wide by an average of 25 % yearly over the next 5 years to $ 16 bn.
GeoResearch, Inc., is a leading provider of GPS and GIS mapping and automated vehicle locating technology (AVL), and the developer of the GeoLink(R) GPS/GIS mapping system. The company also provides real-time GIS field data collection services to the utility, transportation and telecommunication industries.
Dr. Douglas
Richardson, formerly president of GeoResearch, will serve as vice president- business development of Baker GeoResearch. "Our GPS/GIS technology is transforming the map into a dynamic tool for managing enterprise-wide operations," Richardson said, "allowing us to advance the Mapping to Manage(TM) concept of the technology introduced by GeoResearch during the past decade."
According to John Voycik, general manager of Baker GeoResearch, "We have created a company with a total capability to provide the full range of geospatial information technologies to improve our customer's business processes. Baker GeoResearch is poised to address the emerging markets in mobile computing, AVL systems and enterprise-wide, geospatially referenced business solutions."
|
|
|
 |
