Caterpillar and Trimble Expand Solutions and Service Offerings for Global
New agreements to strengthen unified solutions for the complete jobsite
PEORIA, Ill. and SUNNYVALE, Calif., Jan. 3, 2014
PEORIA, Ill. and SUNNYVALE, Calif., Jan. 3, 2014 /PRNewswire/ -- As part of
their ongoing commitment to transforming the way contractors view job site
productivity and the way they manage their businesses, Caterpillar Inc. (NYSE:
CAT), the world's leading supplier of construction equipment, and Trimble
(NASDAQ: TRMB), a global leader in technology solutions, today announced new
agreements that will bring complete, technology-enabled construction jobsite
solutions to the market.
Building on a partnership that spans nearly 20 years, the new agreements
enhance both companies' efforts to better serve global customers from project
design through completion, with critical technologies and services focused on
fleet management and site productivity across a contractor's entire equipment
fleet, regardless of brand.
"Caterpillar has worked with Trimble since 1996 to optimize site productivity
through a revolutionary suite of grade control solutions, differentiated by
industry-leading machine integration straight out of our manufacturing plants,
mixed fleets' aftermarket systems and through our world-class distribution
network," said Hans Haefeli, Caterpillar vice president with responsibility
for the Advanced Components and Systems Division.
Since 2008, Caterpillar and Trimble have expanded their collaboration to bring
both fleet management and site productivity solutions to the customer's office
and jobsite through the VisionLink® suite of applications. With today's new
agreements, the companies are further investing in their combined commitment
to develop these products, expand the range of productivity applications and
services, and bring a comprehensive unified fleet solution to the contractor.
For Caterpillar, the strategic partnership with Trimble provides a site level,
unified fleet focus to the Cat® Connect portfolio of products and services.
Cat Connect leverages connectivity to more than 250,000 Cat machines globally.
These machines can be monitored by customers to improve their fuel
consumption, maintenance, productivity and overall fleet availability.
The latest agreements will strengthen Caterpillar's already world-class
distribution capability and enhance collaboration with Trimble's SITECH®
Technology Dealers, the only global distribution network dedicated to
providing a comprehensive construction technology portfolio to the heavy and
"The agreements demonstrate both companies' commitment to providing a brand
agnostic information solution to contractors with mixed equipment fleets,"
said Bryn Fosburgh, vice president responsible for Trimble's construction
technology divisions. "This unified fleet solution is enabled by VisionLink,
which integrates a wide range of site and machine information elements to give
customers a holistic view of their site. It's a powerful tool that unlocks new
levels of productivity and improves operation efficiency."
Both companies look forward to building upon their successful agreements and
continuing to deliver proven mixed fleet machine monitoring from the four
corners of the jobsite to the four corners of the world for global fleet
decisions made in real time.
For more than 85 years, Caterpillar Inc. has been making sustainable progress
possible and driving positive change on every continent. With 2012 sales and
revenues of $65.875 billion, Caterpillar is the world's leading manufacturer
of construction and mining equipment, diesel and natural gas engines,
industrial gas turbines and diesel-electric locomotives. The company also is
a leading services provider through Caterpillar Financial Services,
Caterpillar Remanufacturing Services and Progress Rail Services. More
information is available at: http://www.caterpillar.com.
Trimble applies technology to make field and mobile workers in businesses and
government significantly more productive. Solutions are focused on
applications requiring position or location—including surveying, construction,
agriculture, fleet and asset management, public safety and mapping. In
addition to utilizing positioning technologies, such as GPS, lasers and
optics, Trimble solutions may include software content specific to the needs
of the user. Wireless technologies are utilized to deliver the solution to the
user and to ensure a tight coupling of the field and the back office. Founded
in 1978, Trimble is headquartered in Sunnyvale, Calif. For more information,
Caterpillar Inc. Forward-Looking Statements
Certain statements in this press release relate to future events and
expectations and are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Words such as "believe,"
"estimate," "will be," "will," "would," "expect," "anticipate," "plan,"
"project," "intend," "could," "should" or other similar words or expressions
often identify forward-looking statements. All statements other than
statements of historical fact are forward-looking statements, including,
without limitation, statements regarding our outlook, projections, forecasts
or trend descriptions. These statements do not guarantee future performance,
and we do not undertake to update our forward-looking statements.
Caterpillar's actual results may differ materially from those described or
implied in our forward-looking statements based on a number of factors,
including, but not limited to: (i)global economic conditions and economic
conditions in the industries and markets we serve; (ii)government monetary or
fiscal policies and infrastructure spending; (iii)commodity or component
price increases, fluctuations in demand for our products, or limited
availability of raw materials and component products, including steel;
(iv)our and our customers', dealers' and suppliers' ability to access and
manage liquidity; (v)political and economic risks and instability, including
national or international conflicts and civil unrest; (vi)our and Cat
Financial's ability to: maintain credit ratings, avoid material increases in
borrowing costs, and access capital markets; (vii)the financial condition and
credit worthiness of Cat Financial's customers; (viii) changes in interest
rates or market liquidity; (ix) changes in financial services regulation; (x)
inability to realize expected benefits from acquisitions, including ERA Mining
Machinery Limited, and divestitures, including the divestiture of the Bucyrus
International, Inc. distribution business to our independent dealers;
(xi)international trade and investment policies; (xii)market acceptance of
our products and services; (xiii)changes in the competitive environment,
including market share, pricing and geographic and product mix of sales; (xiv)
successful implementation of capacity expansion projects, cost reduction
initiatives and efficiency or productivity initiatives, including the
Caterpillar Production System; (xv)inventory management decisions and
sourcing practices of our dealers or original equipment manufacturers;
(xvi)compliance with environmental laws and regulations; (xvii)alleged or
actual violations of trade or anti-corruption laws and regulations;
(xviii)additional tax expense or exposure; (xix)currency fluctuations;
(xx)our or Cat Financial's compliance with financial covenants;
(xxi)increased pension plan funding obligations; (xxii)union disputes or
other labor matters; (xxiii) significant legal proceedings, claims, lawsuits
or investigations; (xxiv)compliance requirements imposed if carbon emissions
legislation and/or regulations are adopted; (xxv)changes in accounting
standards; (xxvi)failure or breach of information technology security;
(xxvii)adverse effects of natural disasters; and (xxviii)other factors
described in more detail under "Item 1A. Risk Factors" in our Form10-K filed
with the SEC on February19, 2013 for the year ended December31, 2012. This
filing is available on our website at www.caterpillar.com/secfilings.
Trimble's actual results may differ materially from those described in this
press release. Factors that could cause or contribute to such differences
include, but are not limited to: realizing the anticipated benefits from the
new agreements between Caterpillar and Trimble; the ability of the parties to
successfully invest in, develop and expand the range of productivity
applications and services, and bring a comprehensive unified fleet solution to
the contractor; the timing around the launch and availability of new fleet
management and site productivity solutions; market acceptance of such
solutions; and the ability of the parties to strengthen distribution
capability and enhance collaboration with SITECH Technology Dealers. 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
SOURCE Caterpillar Inc.
Contact: Caterpillar, Barbara Cox, Global Government & Corporate Affairs,
Office: 309-494-4607, Mobile: 256-202-2516, Cox_Barbara_I@cat.com; Trimble,
Lea Ann McNabb, Corporate Public Relations, Office: 408-481-7808,
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