June 4, 2013
/PRNewswire/ -- Trimble (NASDAQ: TRMB) announced today it has acquired privately-held Trade Service Company, LLC based in
San Diego, California
from the GF Capital Private Equity Fund, LP and senior management. Trade Service is a leader in content acquisition, aggregation, management, publishing and distribution of product and pricing information used by manufacturers, distributors and contractors in the Architecture, Engineering, and Construction (AEC) industry. Financial terms were not disclosed.
The Trade Service suite of content and pricing solutions, used by over 20,000 clients, allows distributors and contractors of all sizes instant access to current product pricing and specification data within a Web-based environment. As a subscription service, contractors can log into the system to search and find products, compare pricing from hundreds of manufacturers and choose the best component(s) for their estimate. Also offered as a service through the Trade Service API, the specification and pricing data can be used by third-party software vendors to extend functionality into existing estimating and pricing solutions.
"Real-time specification and pricing information are key elements to the construction bidding process as well as the overall building construction lifecycle," said
, Trimble vice president, "Tightly integrating Trade Service data into Trimble's estimating solutions as well as using the information to extend the value of BIM data to the owner is a strategic goal of connecting key workflows across the design, build and operate continuum."
"Adding efficiency and accuracy to the bidding and estimating process has been, and will continue to be, one of our core values," said
, president and CEO of Trade Service. "Integrating our extensive data solutions with the Trimble Buildings product line will provide the marketplace with valuable solutions that go beyond what is available today. Working together we can serve the entire supply chain from manufacturers through the end user with richer content, while streamlining commerce with optimal speed and efficiency. We're excited to contribute our expertise and comprehensive databases to serve as complete solutions for Trimble's clients, as well as enhancing our offering to our Trade Service customer base."
"We have been proud to be partners with Trade Service, and we believe that the Company is an ideal fit with Trimble to continue its long standing history and growth within the markets it serves," said
, co-founder and managing director of GF Capital.
The Trade Service business will be reported as part of the Engineering and Construction segment.