SUNNYVALE, Calif., Sept. 19, 2013 /PRNewswire/ -- Trimble (NASDAQ: TRMB) announced today that it has entered into a definitive agreement to acquire the assets of privately-held Asset Forestry Limited (Asset), a provider of forestry logistics software and services. The addition of Asset's software and domain experience extends Trimble's portfolio of forestry logistics and optimization solutions, already in use in North America and Europe. Financial terms were not disclosed. The acquisition is expected to close by the end of September 2013.
Asset is a provider of timber dispatch technology and services. Asset's WSX logistics system drives timber transportation productivity and streamlines supply chain management to optimize returns on timber.
"The addition of Asset's technology and domain expertise further strengthens Trimble's position as a global leader in forestry solutions," said Ken Moen, general manager of Trimble's Forestry Division. "In addition, many of Asset's existing customers will be able to leverage Trimble's broad range of solutions including field hardware and software solutions for data collection as well as enterprise solutions for record keeping, forestry management and log accounting to improve productivity and operations."
"Effectively managing the fiber supply chain is critical to competitiveness in the industry. Our customers see optimized logistics as a key component to maximizing returns from their timber resources," said Matt Ludbrook, general manager of Asset Forestry Limited. "We also anticipate that they will realize synergies from the solutions that Trimble offers."The Asset business will be part of the Forestry Division and reported as part of Trimble's Mobile Solutions Segment. Trimble has a history of operations in New Zealand since the acquisition of Christchurch-based Datacom Software Research Limited in 1991. With the recently purchased Auckland-based Actronic Technologies and Christchurch-based IQ Irrigation, Trimble New Zealand has grown and will now have more than 300 employees across the country. About Asset Forestry Limited Asset Forestry Limited is a specialist in the forestry logistics business. Established in New Zealand in 1993, its staff has extensive experience in the application of logistics information technologies to timber supply operations. Asset serves the forest industry with a platform of proprietary systems and services that support the management of timber harvesting and delivery activities. Over the past decade it has completed more than 30 successful implementations of its inventory, distribution and transaction management solutions. Management systems developed by Asset have been integrated into the business of some of the world's leading forestry organizations.
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