SUNNYVALE, Calif., June 11, 2013 /PRNewswire/ -- Trimble (NASDAQ: TRMB) announced today that it has acquired privately-held Actronic Holdings Limited of Auckland, New Zealand. Actronic Technologies is a leading provider of weighing technology and payload information systems for construction, aggregates, mining and waste markets. Financial terms were not disclosed.
Actronic Technologies produces the industry leading LOADRITE ® weighing system for wheel loaders, excavators, conveyors and waste collection vehicles. LOADRITE systems provide equipment operators, site foremen and project managers with accurate payload weights and allow them to ensure that machines are loaded to optimal capacity and that loads are accurately recorded. Weight information combined with fleet dynamics and cycle time tracking provides metrics for monitoring and improving both machine and project performance.
LOADRITE extends Trimble's Connected Site ® portfolio by adding weight as an element of information collected at the machine. This extended capability will better enable contractors to use the Trimble Connected Site to achieve improved comprehensive real-time intelligence on asset and site productivity for the contractors mixed fleet. Trimble's Connected Site is an extensive information architecture that optimizes and integrates operations across the construction site and the office, thereby enabling improved planning, more advanced monitoring, and significantly greater productivity.
"The acquisition of Actronic Technologies empowers machine operators, foremen, supervisors and project managers to understand machine performance and progress across the entire site within the aggregate, construction, mining and waste industries," said Roz Buick, vice president and general manager of Trimble's Heavy Civil Construction Division. "LOADRITE weighing systems expand the richness of the Connected Site information we collect from machines and complements the productivity and reporting capabilities we already provide our customers.""The LOADRITE system is widely recognized as setting the standard for our industry, a result of over thirty years industry expertise gained by working closely with machine owners and operators," said Gottfried Pausch, general manager for Actronic Technologies. "I believe the addition of the LOADRITE system to Trimble's leading portfolio of positioning and automation technology solutions extend our collective ability to deliver more powerful and robust solutions designed to improve operational efficiency and reporting and allow our customers to maximize their profits." About Actronic Technologies Since 1979, Actronic Technologies has been designing, developing and manufacturing applied technology solutions to improve productivity in the aggregates, mining, waste management, forestry, and other industries. Actronic Technologies is a leader in the field of measurement. LOADRITE load weighing technology and payload information systems are installed on wheel loaders, excavators, garbage trucks and other heavy loading equipment to ensure optimal loads, and provide quality data for productivity analysis. For more information, visit Actronic at: www.loadritescales.com. About Trimble Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring positioning or location, including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user in the field and to ensure communication between the field and the office. Founded in 1978, Trimble is headquartered in Sunnyvale, Calif. For more information, visit: www.trimble.com. Certain statements made in this press release are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995.These statements involve risks and uncertainties, and actual events and results may differ materially from those described in this news release. Factors that could cause or contribute to such differences include, but are not limited to, Trimble's ability to realize the anticipated benefits of the Actronic acquisition, to successfully integrate Actronic's weighing technology and payload information systems into Trimble's Connected Site Solutions, and to successfully expand and complement the productivity and reporting capabilities offered, and deliver more powerful and robust solutions, to Trimble's Heavy Civil Construction Division customers . Additional risks and uncertainties include risks related to integrating an acquisition; unanticipated expenditures, charges or assumed liabilities that may result from the acquisition; and the ability to retain key personnel and commercial relationships. More information about potential factors which could affect Trimble's business and financial results is set forth in reports filed with the SEC, including Trimble's quarterly reports on Form 10-Q and its annual report on Form 10-K. All forward looking statements are based on information available to Trimble as of the date hereof, and Trimble assumes no obligation to update such statements. GTRMB
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV