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Trimble Inc.

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Trimble Inc.
FormerlyTrimble Navigation Limited
Company typePublic
IndustryGeospatial, Construction, Agriculture, Transportation and Logistics, Telecommunications, Asset tracking, Mapping, Utilities, Mobile Resource Management, Government, RFID
FoundedNovember 1978; 45 years ago (1978-11)
FounderCharles Trimble, et al.
Headquarters,
U.S.
Key people
  • Robert Painter (CEO)
  • David G. Barnes (CFO)
RevenueIncrease US$3.80 billion (2023)
Decrease US$449 million (2023)
Decrease US$311 million (2023)
Total assetsIncrease US$9.54 billion (2023)
Total equityIncrease US$4.50 billion (2023)
Number of employees
c. 12,700 (2023)
Websitetrimble.com
Footnotes / references
[1]

Trimble Inc. is an American software, hardware, and services technology company. Trimble supports global industries in building & construction, agriculture, geospatial, natural resources and utilities, governments, transportation and others.[2] Trimble also does hardware development of global navigation satellite system (GNSS) receivers, scanners, total stations, laser rangefinders, unmanned aerial vehicles (UAVs), inertial navigation systems and software processing tools.

History

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Trimble Navigation was founded in November 1978[3] by Charles Trimble and two partners from Hewlett-Packard. It initially operated above a movie theatre in Los Altos, California.

By the end of 2016, the company had 8,388 employees, with more than half of employees in locations outside the United States.[4][5]

In 2002, Caterpillar and Trimble formed a joint venture Caterpillar Trimble Control Technologies (CTCT), to develop machine control products for improved customer productivity and lower costs on earthmoving projects.[6]

On April 23, 2018, Trimble agreed to acquire privately held Viewpoint from investment firm Bain Capital in an all-cash transaction of US$1.2bn, with an expected completion in Q3 of 2018.[7][8]

On February 12, 2019, a new division called Trimble MAPS (Maps and Applications for Professional Solutions) was launched, bringing together Trimble's former ALK Technologies and TMW Appian Final Mile businesses.[9][10]

On October 30, 2019, Trimble announced that its board of directors has unanimously elected Robert G. Painter to succeed Steven W. Berglund as president and CEO of Trimble, effective January 4, 2020, the first day of Trimble's 2020 fiscal year. Painter joined the Trimble Board of Directors on January 4, 2020 as well.[11]

On May 28, 2020, Trimble and Kuebix launched next-generation Community Load Match capabilities to simplify finding and filling truckload capacity.[12] A solution that facilitates collaboration between shippers and carriers to optimize how freight moves throughout the supply chain.[13]

On October 6, 2022, Trimble announced its headquarters had relocated to Westminster, Colorado from Sunnyvale, California.[14]

On November 28, 2023, it was announced that Trimble donated $22 million to Purdue University's Polytechnic college to build a lab in the School of Construction Management Technology.[15][16]

Name change

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The company changed its name from Trimble Navigation Limited to Trimble Inc.; the name change and change in legal domicile became effective October 1, 2016. Trimble Inc. continued to operate without change or material impacts to stakeholders. The corporate headquarters remained in California until October 2022, when it relocated to Westminster, Colorado.[14][17]

Industries

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Trimble sells products and services into the following industries: land survey, construction, agriculture, transportation, telecommunications, asset tracking, mapping, railways, utilities, mobile resource management, and government.

Acquisitions

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The company's acquisitions include Telog Instruments, Pocket Mobile AB,[18] @Road,[19] Cengea Solutions Inc.,[20] Datacom Software Research, Spectra Precision Group, Tripod Data Systems, Advanced Public Safety, Inc., ALK Technologies, Apache Technologies, Acutest Engineering Solutions Ltd, Applanix, Géo-3D, INPHO, Gatewing, Gehry Technologies, MENSI,[21] Meridian Systems, NTech Industries, Pacific Crest, Quantm, Accubid Systems, SketchUp, QuickPen International, SECO Mfg. Co., Inc., Visual Statement, Stabiplan, XYZ Solutions, Inc, Tekla, Vianova Systems, ThingMagic,[22] Spime Inc., Punch Telematix NV,[23] TMW Systems,[24] Kuebix,[25] and TopoSys GmbH.[26]

Trimble acquired the 3D modeling software package SketchUp from Google in 2012.[27]

As of 2014, they also own Tekla (BIM modelling), Vico Office (BIM data handling) and Gehry Technologies' GTeam (project coordination).[28]

In 2016, Trimble acquired Sefaira (sustainability analysis software including energy modeling and daylight visualization).[29]

On September 28, 2023, AGCO announced that it would acquire an 85% stake in Trimble's agriculture business as a part of a new Joint Venture.[30]

On October 3, 2019, Trimble acquired Cityworks to expand its GIS-centric digital asset and infrastructure management solutions.[clarification needed][31]

References

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  1. ^ "Trimble, Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 26 February 2024.
  2. ^ "Trimble and Infotech to Streamline Inspection Measurement Workflows". AiThority. 2021-06-24. Retrieved 2021-07-16.
  3. ^ "Silicon Investor (SI) -- The First Internet Community". Silicon Investor. 2000-08-31. Retrieved 2016-03-13.
  4. ^ "Annual Report". Trimble Inc. February 24, 2017. Archived from the original on June 30, 2017. Retrieved June 20, 2017.
  5. ^ "Trimble Introduces Construction Technology Solutions for Small Site and Utility Contractors". prnewswire.com (Press release). Retrieved 2021-07-16.
  6. ^ "Caterpillar and Trimble Form New Joint Venture to Improve Customer Productivity and Lower Costs on the Construction Site". Retrieved 5 October 2008.
  7. ^ "Trimble to buy privately-held Viewpoint in $1.2 billion deal". Reuters.com. UK. Retrieved 2018-05-11.
  8. ^ "Trimble to Acquire Viewpoint to Create the Industry's Most Complete Construction Management Solution". Trimble.com (Press release). Trimble, Inc.
  9. ^ "Trimble Launches Division Dedicated to Advancing Commercial Map-Centric Technology". blog.maps.trimble.com. Retrieved 2019-02-18.
  10. ^ "Trimble News Release". Trimble.com (Press release). Trimble, Inc. Retrieved 2019-02-18.
  11. ^ "Trimble Announces CEO Succession". Geospatial World. 2019-10-31. Retrieved 2019-10-31.
  12. ^ "Trimble and Kuebix Launch Next-Generation Community Load Match Capabilities to Simplify Finding and Filling Truckload Capacity". Trimble.com. Trimble, Inc. Retrieved 2020-06-11.
  13. ^ "Trimble to Support Team Rubicon for Disaster Relief and Recovery". Benzinga.com. Retrieved 2021-07-16.
  14. ^ a b "International tech company relocates headquarters to Westminster". 6 October 2022.
  15. ^ "Trimble donates $22M to Construction Management Technology for new lab - Purdue Polytechnic Institute". polytechnic.purdue.edu. Retrieved 2023-12-14.
  16. ^ "Purdue's New Trimble Lab to Host Construction Tech, Research". GovTech. 2023-09-28. Retrieved 2023-12-14.
  17. ^ "Geospatialworld.net". 4 October 2016. Retrieved 4 October 2016.
  18. ^ "Trimble Acquires PocketMobile to Accelerate its Development in the Field-to-Office Mobility Market" (Press release).
  19. ^ "Trimble to Acquire @Road". Trimble.com (Press release). Trimble, Inc.
  20. ^ "Trimble Acquires Cengea to Expand its Forestry Solutions". Trimble.com (Press release). Trimble, Inc.
  21. ^ "Trimble Acquires 3D Laser Scanner Leader - MENSI". giscafe.com.
  22. ^ "About Trimble Navigation: History". Trimble.com. Trimble, Inc. Archived from the original on 15 April 2012. Retrieved 11 April 2012.
  23. ^ "Trimble plots route to European growth in Mobile Resource Management with acquisition of Punch Telematix". PunchTelematix.com. Retrieved 2011-07-11.
  24. ^ "Trimble to Acquire North American Trucking Industry Enterprise Software Leader TMW Systems, Expanding Transportation and Logistics Reach". Trimble.com (Press release). Trimble, Inc. Retrieved 2015-05-09.
  25. ^ "Trimble to Acquire Kuebix to Transform and Connect the Transportation Logistics Ecosystem". Kuebix.com. Retrieved 2020-06-11.
  26. ^ "Trimble Enters into Definitive Agreement to Acquire TopoSys to Extend Its Geospatial Solutions Business". Trimble.com (Press release). Trimble, Inc.
  27. ^ Webster, Andrew (2012-04-26). "Google sells 3D modeling tool SketchUp to Trimble Navigation". The Verge. Retrieved 2022-12-15.
  28. ^ "Trimble Launches Trimble Connect, New Cloud-based Collaboration Platform for Construction and Operation of Buildings". Trimble.com (Press release). Trimble, Inc.
  29. ^ Staff Writer (February 21, 2016). "US: Trimble acquires software developer Sefaira".
  30. ^ Deka, Kannaki (2023-09-28). "AGCO Corp to acquire $2 billion stake in Trimble unit to boost agri portfolio". Reuters. Archived from the original on 2023-09-28. Retrieved 2023-10-13.
  31. ^ "Trimble to Acquire Cityworks to Expand Its Digital Asset and Infrastructure Management Solutions". Trimble.com (Press release). Trimble, Inc.
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  • Business data for Trimble Inc.: