Trimble Inc.

Last updated
Trimble Inc.
FormerlyTrimble Navigation Limited
Company type Public
IndustryGeospatial, Construction, Agriculture, Transportation and Logistics, Telecommunications, Asset tracking, Mapping, Utilities, Mobile Resource Management, Government, RFID
FoundedNovember 1978;46 years ago (1978-11)
FounderCharles Trimble et al.
Headquarters
Westminster, Colorado
,
U.S.
Key people
  • Robert Painter (CEO)
  • David G. Barnes (CFO)
RevenueIncrease2.svg US$3.80 billion (2023)
Decrease2.svg US$449 million (2023)
Decrease2.svg US$311 million (2023)
Total assets Increase2.svg US$9.54 billion (2023)
Total equity Increase2.svg US$4.50 billion (2023)
Number of employees
c. 12,700 (2023)
Website trimble.com
Footnotes /references
[1]

Trimble Inc. is an American software, hardware, and services technology company. 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.

Contents

History

Trimble Navigation was founded in November 1978 [2] by Charles Trimble and two partners from Hewlett-Packard. It initially operated above a movie theatre in Los Altos, California

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. [3] In 2003, Trimble acquired 3D Laser Scanning company MENSI. [4]

Trimble acquired the 3D modeling software package SketchUp from Google in 2012. [5] In 2016, it acquired Sefaira (sustainability analysis software including energy modeling and daylight visualization). [6]

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.[ citation needed ]

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]

On October 30, 2019, Trimble announced that its board of directors unanimously elected Robert G. Painter as president and CEO of Trimble, effective January 4, 2020. Painter joined the Trimble Board of Directors on January 4, 2020 as well. [8]

A solution that facilitates collaboration between shippers and carriers to optimize how freight moves throughout the supply chain. [9] In November 2020, the firm signed an agreement with Boston Dynamics to further develop the Spot dog product. [10]

On October 6, 2022, Trimble announced its headquarters had relocated to Westminster, Colorado from Sunnyvale, California. [11] [12]

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. [13]

In May 2024, Trimble acquired Flashtract, a company specialized in payment, compliance, and documentation exchange. [14]

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References

  1. ↑ "Trimble, Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 26 February 2024.
  2. ↑ "Silicon Investor (SI) -- The First Internet Community". Silicon Investor . 2000-08-31. Retrieved 2016-03-13.
  3. ↑ "Caterpillar and Trimble Form New Joint Venture to Improve Customer Productivity and Lower Costs on the Construction Site" . Retrieved 5 October 2008.
  4. ↑ "Trimble Acquires 3D Laser Scanner Leader - MENSI". giscafe.com.
  5. ↑ Webster, Andrew (2012-04-26). "Google sells 3D modeling tool SketchUp to Trimble Navigation". The Verge. Retrieved 2022-12-15.
  6. ↑ Staff Writer (February 21, 2016). "US: Trimble acquires software developer Sefaira".
  7. ↑ "Trimble to buy privately-held Viewpoint in $1.2 billion deal". Reuters.com. UK. Retrieved 2018-05-11.
  8. ↑ "Trimble Announces CEO Succession". Geospatial World. 2019-10-31. Retrieved 2019-10-31.
  9. ↑ "Trimble to Support Team Rubicon for Disaster Relief and Recovery". Benzinga.com. Retrieved 2021-07-16.
  10. ↑ "Trimble and Boston Dynamics form autonomous robot alliance". 17 November 2020.
  11. ↑ "International tech company relocates headquarters to Westminster". 6 October 2022.
  12. ↑ "Geospatialworld.net". 4 October 2016. Retrieved 4 October 2016.
  13. ↑ 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.
  14. ↑ Post; Share; Post; Print; Email; License. "Trimble acquires payments, compliance platform Flashtract". Construction Dive. Retrieved 2024-09-01.{{cite web}}: |last5= has generic name (help)
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