SUNNYVALE, Calif., May 30, 2017 /PRNewswire/ -- Trimble
(NASDAQ: TRMB) announced today that it has acquired privately-held
Network Mapping Group Limited (NM Group), headquartered in
Knaresborough, United Kingdom. The
acquisition expands Trimble's energy solutions portfolio to provide
high-value data modeling and 3D visualization services for the
utilities industry. Financial terms were not disclosed.
Trimble provides scalable and robust enterprise solutions for
supporting the asset management and operations processes of energy
distribution utilities. Trimble's solutions enable asset managers
and planners to optimize their network asset investments,
construction projects and maintenance processes to drive improved
ROI, electric supply reliability, regulatory compliance and
customer satisfaction. In addition, Trimble's geospatial solutions
for aerial, mobile and field data collection and data analytics are
used globally to serve utilities with accurate and reliable
information.
NM Group is a leading data capture, modeling, engineering and
analytical services and 3D visualization solutions provider for
electricity network operators. NM Group combines multiple remote
sensing techniques with unique data analysis capabilities to create
a variety of information products such as 3D asset models,
engineering assessments and vegetation risk analysis. These
products are used by utility customers to improve and optimize
their asset management decision making, operational efficiency and
compliance. A key component in providing the value to customers is
NM Group's Caydence® 3D visualization solution that
distributes precise, easy-to-use network information throughout the
organization. Key markets for NM Group include the United Kingdom, U.S., Canada, Australia and the Middle East.
Visual and 3D asset management extends the traditional
Enterprise Asset Management (EAM) solutions by providing utility
professionals with intuitive and powerful software tools as well as
visual, accurate and data-rich content for making informed
decisions on assets and infrastructure.
"Utilities are continuously striving to obtain reliable and
up-to-date data, which they can base business decisions on while
operating, maintaining and further developing their network
infrastructure. Visual and 3D asset management is a growing market
segment within the electric utility industry that allows customers
to better understand and assess the state of their network assets,"
said Kai Lehtinen, general manager
of Trimble's Energy Division. "This capability from the NM Group,
together with existing Trimble competencies, will enrich our
solutions for network operators by providing a highly accurate and
dynamic visual context that optimizes decision making. We are
committed to providing innovative solutions that enable electric
utilities to transform their business processes to improve
productivity, reliability, safety and compliance."
"Our service portfolio and Caydence 3D visualization solution
for asset management provides powerful tools to help increase
network reliability and efficiency," said Kevin Jacobs, CEO NM Group. "We are delighted to
be joining Trimble and look forward to continuing to spearhead
asset management and engineering solutions for network operators
globally."
The NM Group's business will be reported as part of Trimble's
Resources and Utilities Segment.
About NM Group
NM Group is a specialist service provider of asset management,
survey and mapping solutions to the power sector. Applying a range
of remote sensing and geospatial technologies, the company offers a
full range of services from data acquisition through to analytics
and web applications for wider access to information.
For more information, visit: http://www.nmgroup.com.
About Trimble's Energy Division
Trimble's Energy Division provides enterprise solutions that
enable hundreds of electric and natural gas utilities worldwide to
optimize distribution networks with strategic and operative asset
management solutions for planning and construction to operations
and maintenance. Trimble's modular and interoperable energy
solutions include advanced capabilities for network modeling and
management, investment and construction planning, outage
management, maintenance management as well as mobile applications
for field data collection and as-built documentation. Electric and
natural gas utilities use Trimble's energy solutions to improve
system reliability, enhance system integrity, lower operational
costs, better meet regulatory requirements, increase safety, reduce
risk and achieve planning and operational excellence.
For more information, visit:
http://energy.trimble.com.
About Trimble
Trimble is transforming the way the world works by delivering
products and services that connect the physical and digital worlds.
Core technologies in positioning, modeling, connectivity and data
analytics enable customers to improve productivity, quality, safety
and sustainability. From purpose built products to enterprise
lifecycle solutions, Trimble software, hardware and services are
transforming a broad range of industries such as agriculture,
construction, geospatial and transportation and logistics. For more
information about Trimble (NASDAQ:TRMB), visit:
www.trimble.com.
This press release contains forward-looking statements
regarding the business operations and prospects of Trimble,
including statements regarding the impact of the NM Group
acquisition on extending and accelerating Trimble's energy
solutions business, expanding its customer base, and utilizing
potential synergies. These forward-looking statements are subject
to change, and actual results may materially differ due to certain
risks and uncertainties. Factors that could cause or contribute to
changes in such forward-looking statements include, but are not
limited to (i) realizing the anticipated benefits of the
acquisition, (ii) Trimble's ability to combine NM Group's solutions
with Trimble's energy enterprise solutions to deliver enriched
solutions, which are adopted by electric utility customers,
and (iii) the risks and uncertainties associated with unexpected
expenditures or assumed liabilities that may be incurred as a
result of the acquisition. 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
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SOURCE Trimble