This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Trimble To Acquire The Assets Of Asset Forestry Limited To Extend Its Logistics Capabilities

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.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • 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 Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,172.68 -107.06 -0.62%
S&P 500 1,994.29 -16.11 -0.80%
NASDAQ 4,527.6890 -52.10 -1.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs