Caterpillar and Trimble Extend Long-Standing Joint Venture to Accelerate Grade Control Innovation and Customer Adoption Across the Construction Sector
Caterpillar Inc. (NYSE: CAT) and Trimble (Nasdaq: TRMB) have announced the extension of their long-standing joint venture, Caterpillar Trimble Control Technologies (CTCT), which has led the industry in grade control solutions since 2002. The renewed agreement aims to accelerate innovation and customer adoption of grade control solutions in the construction sector through expanded distribution options.
Key points of the agreement include:
- Increased industry reach and broader availability of interoperable grade control solutions
- More access options for Caterpillar customers, including factory-fit grade options and expanded aftermarket offerings
- Broader availability for Trimble customers, including continued mixed-fleet support and an expanded distribution network
- Streamlined access to grade control through Trimble Construction One™ suite of digital solutions
This partnership reinforces both companies' commitment to connecting the office and field throughout the design-build-operate lifecycle of construction projects.
Caterpillar Inc. (NYSE: CAT) e Trimble (Nasdaq: TRMB) hanno annunciato l'estensione della loro joint venture di lunga data, Caterpillar Trimble Control Technologies (CTCT), che dal 2002 guida l'industria nelle soluzioni di controllo della qualità. Il nuovo accordo mira ad accelerare l'innovazione e l'adozione da parte dei clienti delle soluzioni di controllo della qualità nel settore delle costruzioni attraverso opzioni di distribuzione ampliate.
Punti chiave dell'accordo includono:
- Maggiore portata industriale e disponibilità più ampia di soluzioni interoperabili di controllo della qualità
- Maggiore accesso per i clienti di Caterpillar, incluse opzioni di grado montate in fabbrica e un ampliamento delle offerte del mercato secondario
- Disponibilità più ampia per i clienti di Trimble, con supporto continuo per flotte miste e una rete di distribuzione ampliata
- Accesso semplificato al controllo della qualità attraverso la suite di soluzioni digitali Trimble Construction One™
Questa partnership rinforza l'impegno di entrambe le aziende nel connettere ufficio e campo durante l'intero ciclo di vita dei progetti di costruzione.
Caterpillar Inc. (NYSE: CAT) y Trimble (Nasdaq: TRMB) han anunciado la extensión de su joint venture de larga data, Caterpillar Trimble Control Technologies (CTCT), que ha liderado la industria en soluciones de control de nivel desde 2002. El acuerdo renovado tiene como objetivo acelerar la innovación y la adopción por parte de los clientes de soluciones de control de nivel en el sector de la construcción a través de opciones de distribución ampliadas.
Puntos clave del acuerdo incluyen:
- Aumento del alcance en la industria y mayor disponibilidad de soluciones interoperables de control de nivel
- Más opciones de acceso para los clientes de Caterpillar, incluidas opciones de nivel instaladas de fábrica y una mayor oferta en el mercado secundario
- Disponibilidad más amplia para los clientes de Trimble, incluido el soporte continuo para flotas mixtas y una red de distribución ampliada
- Acceso simplificado al control de nivel a través de la suite de soluciones digitales Trimble Construction One™
Esta asociación refuerza el compromiso de ambas empresas de conectar la oficina y el campo a lo largo del ciclo de vida del diseño-construcción-operación de los proyectos de construcción.
Caterpillar Inc. (NYSE: CAT)와 Trimble (Nasdaq: TRMB)은 2002년부터 업계를 이끄는 Caterpillar Trimble Control Technologies (CTCT)의 장기 공동 벤처를 연장한다고 발표했습니다. 갱신된 협정은 건설 분야에서 혁신과 고객 채택을 가속화하는 것을 목표로 하며 배급 옵션을 확대합니다.
협정의 주요 사항은 다음과 같습니다:
- 산업 범위 확대와 호환 가능한 제어 솔루션의 광범위한 가용성
- Caterpillar 고객을 위한 더 많은 접근 옵션, 공장 장착 등급 옵션 및 확대된 애프터마켓 제공 포함
- Trimble 고객을 위한 보다 폭넓은 이용 가능성, 지속적인 혼합 차량 지원 및 확장된 유통 네트워크 포함
- Trimble Construction One™ 디지털 솔루션 스위트를 통한 제어에 대한 간소화된 접근
이 파트너십은 건설 프로젝트의 설계-구축-운영 생애 주기 전반에 걸쳐 사무실과 현장을 연결하려는 두 회사의 의지를 강화합니다.
Caterpillar Inc. (NYSE: CAT) et Trimble (Nasdaq: TRMB) ont annoncé l'extension de leur coentreprise de longue date, Caterpillar Trimble Control Technologies (CTCT), qui dirige l'industrie en matière de solutions de contrôle de niveau depuis 2002. Le nouvel accord vise à accélérer l'innovation et l'adoption par les clients des solutions de contrôle de niveau dans le secteur de la construction grâce à des options de distribution élargies.
Les points clés de l'accord comprennent :
- Augmentation de la portée de l'industrie et plus grande disponibilité des solutions de contrôle de niveau interopérables
- Plus d'options d'accès pour les clients de Caterpillar, y compris des options de niveau montées en usine et une offre après-vente élargie
- Disponibilité plus large pour les clients de Trimble, y compris le soutien continu pour les flottes mixtes et un réseau de distribution élargi
- Accès simplifié au contrôle de niveau grâce à la suite de solutions numériques Trimble Construction One™
Ce partenariat renforce l'engagement des deux entreprises à connecter bureau et terrain tout au long du cycle de vie de conception-construction-exploitation des projets de construction.
Caterpillar Inc. (NYSE: CAT) und Trimble (Nasdaq: TRMB) haben die Verlängerung ihres langjährigen Joint Ventures, Caterpillar Trimble Control Technologies (CTCT), bekannt gegeben, das seit 2002 die Industrie in Lösungen zur Grade Control anführt. Die erneuerte Vereinbarung zielt darauf ab, Innovation und Kundenakzeptanz von Grade Control-Lösungen im Bauwesen durch erweiterte Vertriebsoptionen zu beschleunigen.
Wichtige Punkte der Vereinbarung umfassen:
- Erweiterte Reichweite in der Industrie und breitere Verfügbarkeit interoperabler Grade Control-Lösungen
- Weitere Zugangsmöglichkeiten für Caterpillar-Kunden, einschließlich werkseitig montierter Grade-Optionen und erweiterten Aftermarket-Angeboten
- Breitere Verfügbarkeit für Trimble-Kunden, einschließlich fortlaufender Unterstützung für gemischte Flotten und eines erweiterten Vertriebsnetzes
- Vereinfachter Zugang zur Grade Control über die Trimble Construction One™ Suite digitaler Lösungen
Diese Partnerschaft stärkt das Engagement beider Unternehmen, Büro und Baustelle während des gesamten Lebenszyklus von Bauprojekten zu verbinden.
- Extension of long-standing joint venture between Caterpillar and Trimble
- Expanded distribution of grade control solutions in the construction sector
- Increased industry reach and broader availability of interoperable solutions
- More access options for Caterpillar customers
- Expanded distribution network for Trimble customers
- Potential for increased innovation and differentiation in product offerings
- None.
Insights
The extension of the Caterpillar-Trimble joint venture is a significant development for both companies and the construction technology sector. This collaboration aims to accelerate innovation in grade control solutions, which are important for improving construction efficiency and accuracy.
Key points of impact:
- Expanded distribution channels for both companies, potentially increasing market reach and sales opportunities
- Enhanced interoperability of grade control solutions, allowing for greater flexibility and adoption across different equipment brands
- Potential for new product development and entry into new markets or geographic regions
- Strengthened ecosystem for Trimble's Construction One suite, which could lead to increased customer lock-in and recurring revenue
For Trimble specifically, this partnership aligns with their Connect & Scale strategy, potentially driving growth in their construction technology segment. The expanded distribution network and integration with Caterpillar's offerings could lead to increased market share and revenue opportunities in the
While the immediate financial impact is not quantified, the long-term strategic benefits could be substantial for Trimble, potentially leading to increased software and services revenue, which typically carry higher margins than hardware sales.
This partnership extension between Caterpillar and Trimble is a game-changer for the construction industry. Grade control technology is essential for modern construction projects, improving accuracy, reducing rework and increasing overall productivity.
The key benefits for construction companies include:
- Increased accessibility to advanced grade control solutions, potentially lowering barriers to adoption
- Greater flexibility in equipment choices, as the technology becomes more interoperable across brands
- Potential for faster innovation cycles, bringing new features and capabilities to market quicker
- Improved integration between office and field operations, streamlining project management
The expanded distribution options, including factory-fit and aftermarket solutions, cater to different customer preferences and budget constraints. This could accelerate the adoption of grade control technology across various segments of the construction industry, from small contractors to large enterprises.
For Trimble, this partnership reinforces its position as a leader in construction technology and could drive increased adoption of its broader software ecosystem, including the Trimble Construction One suite. This holistic approach to construction technology could provide Trimble with a competitive edge in the rapidly evolving construction tech market.
Renewed agreement enhances grade control solutions and expanded distribution options
Since 2002, the Caterpillar Trimble Control Technologies (CTCT) joint venture has led the industry in grade control solutions, delivering products that contribute to jobsite safety and productivity.
The renewed agreement will increase industry reach and provide customers broader availability of interoperable grade control solutions via a flexible platform for use by Caterpillar, Trimble and other technology providers and equipment manufacturers. With a strengthened partnership, this agreement enables both Trimble and Caterpillar to increase innovation and differentiation, develop new offerings and pursue new industry and geographic opportunities.
For Caterpillar customers, there are more ways to access the technology:
- Factory-fit grade options through Caterpillar
- Cat® Grade 3D Ready options allow upgrading at any point within the machine lifecycle
- Expanded aftermarket and digital offerings directly through Cat dealers
Trimble customers also benefit from broader availability:
- Continued mixed-fleet support from trusted SITECH® dealers
- Expanded distribution network to reach and meet the needs of mixed fleet customers
- Streamlined access to grade control through Trimble Construction One™ suite of digital solutions further extends Trimble's construction technology ecosystem
"Trimble's Connect & Scale strategy has created an ecosystem that empowers customers across both the physical and digital worlds. The next phase of our joint venture will drive innovation in grade control technology to expand the industry opportunity with localized and differentiated solutions while improving technology interoperability," said Rob Painter, president and CEO of Trimble. "This partnership underscores a joint commitment to connect the office and the field throughout the design-build-operate lifecycle of construction projects."
"Caterpillar and Trimble have a long history of innovating together," said Tony Fassino, Caterpillar Construction Industries group president. "We are proud of what we've developed to help customers optimize their operations, including grade control. Today's announcement is a continuation of this collaboration. With a focus on accelerating this leading-edge technology, we are committed to making it easier for customers to acquire and adopt our solutions across Cat and mixed fleets alike."
About Caterpillar
With 2023 sales and revenues of
About Trimble
Trimble is transforming the ways people move, build and live. Core technologies in positioning, modeling and data analytics connect the digital and physical worlds to improve our customers' productivity, quality, safety, transparency and sustainability. For more information about Trimble (Nasdaq: TRMB), visit: www.trimble.com.
Safe Harbor
Certain statements made in this press release, including statements regarding expectations about the pace of innovation in grade control technology, expanded distribution and industry opportunities, and customer adoption of grade control solutions, are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements are subject to change, and actual results may materially differ due to certain risks and uncertainties, including risks and uncertainties regarding the parties' ability to achieve the expected benefits of the joint venture, to realize new innovations, to effectively expand distribution and industry opportunities, and to achieve further customer adoption of solutions. The statements made in this press release reflect expectations as of the date of this release and there is no undertaking to provide updates or revisions to reflect any change in such expectations or to reflect any change of events, conditions, or circumstances on which the statements are based.
FTRMB
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SOURCE Trimble
FAQ
What is the purpose of the extended joint venture between Caterpillar and Trimble (TRMB)?
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