Trimble (NASDAQ: TRMB), a Sunnyvale, Calif.-based provier of advanced positioning solutions, is to acquire Azteca Systems LLC (dba “Cityworks“), a Sandy, Utah-based provider of enterprise asset management (EAM) software for utilities and local government.
The transaction is expected to close in the fourth quarter of 2019, subject to customary closing conditions and expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.
The financial terms of the deal were not disclosed.
The acquisition will expand Trimble’s strategy by adding an EAM software platform to its existing utilities and local government capabilities, which include mobile, IoT and infrastructure lifecycle solutions.
The combination will provide a comprehensive digital platform—with real-time asset intelligence, workflows and analytics. In addition, the acquisition will enable Cityworks to leverage Trimble’s global footprint in multiple industries.
Together, Trimble and Cityworks will provide an expanded solutions portfolio to their partner network of Architecture, Engineering and Construction (AEC) firms and software system integrators.
Launched in 1996 and led by Brian L. Haslam, founder, president and CEO, Cityworks provides an office, cloud and mobile EAM software solution used by more than 700 utilities and local governments to address the global challenges associated with maintaining and replacing aging utility, transportation, and public assets and infrastructure.
It is a leader in the mid-sized utility and local government market segments in North America and its solutions address organizations of all sizes with deployments serving some of the largest cities in the U.S.
Led by Steve Berglund, president and CEO, Trimble delivers 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 used in industries such as agriculture, construction, geospatial and transportation and logistics.
FinSMEs
03/10/2019