John Deere, Trimble Partner to Deliver Advanced Technology Solutions to More Construction Customers Worldwide

Rhea-AI Summary

Trimble (Nasdaq: TRMB) and John Deere (NYSE: DE) have announced a strategic partnership to accelerate the adoption of grade control technology in the construction industry. This collaboration will make Trimble Earthworks Grade Control technology available on John Deere SmartGrade™ equipped machines, either directly from the factory or as a field upgrade.

The integration aims to simplify the connection between office and field operations, allowing John Deere customers to leverage Trimble's technology ecosystem for increased productivity, efficiency, and better decision-making. Various purchasing options will be available in the future, including as part of the Trimble Construction One suite of digital solutions.

This partnership demonstrates both companies' commitment to promoting machine control technology adoption in construction, enhancing jobsite safety and efficiency while providing customers with more ways to elevate their operations throughout the design-build-operate lifecycle of construction projects.

Positive

• Strategic partnership between Trimble and John Deere to accelerate adoption of grade control technology
• Integration of Trimble Earthworks with John Deere SmartGrade platform
• Increased access to Trimble's technology ecosystem for John Deere customers
• Potential for improved productivity and efficiency in construction operations
• Multiple purchasing options to be available for customers

Negative

• None.

Insights

Construction Technology Expert

This partnership between John Deere and Trimble represents a significant advancement in construction technology integration. By making Trimble Earthworks Grade Control technology available on John Deere SmartGrade machines, the companies are streamlining access to advanced machine control systems. This integration will likely boost productivity and efficiency for construction projects.

The collaboration addresses a important industry need for seamless data flow between office and field operations. By enabling John Deere machines to fit into the Trimble ecosystem, contractors can expect improved project management and data utilization. This could lead to more accurate earthmoving operations, reduced rework and better resource allocation.

While this partnership is promising, its true impact will depend on factors such as pricing, ease of implementation and the speed of adoption by contractors. The long-term implications could be substantial, potentially accelerating the industry's digital transformation and setting new standards for construction equipment capabilities.

Market Research Analyst

This strategic partnership has positive implications for both John Deere and Trimble in the construction technology market. For John Deere, integrating Trimble's advanced grade control technology enhances their SmartGrade platform's value proposition, potentially increasing their competitiveness in the high-tech construction equipment segment.

Trimble stands to benefit by expanding its market reach through John Deere's extensive global distribution network. This move aligns with Trimble's "Connect & Scale" strategy, potentially driving growth in their construction technology segment. The partnership could lead to increased software and service revenues for Trimble as more John Deere customers adopt their ecosystem.

Investors should monitor key performance indicators such as adoption rates, revenue growth in related segments and market share changes in the coming quarters to gauge the partnership's success. While the immediate financial impact may be , the long-term potential for both companies is significant if execution is successful.

Strategic partnership will enable machines equipped with John Deere SmartGrade™ greater access to Trimble technology ecosystem

WESTMINSTER, Colo., Oct. 22, 2024 /PRNewswire/ -- Trimble^® (Nasdaq: TRMB) announced today a new strategic relationship with John Deere (NYSE: DE) that will accelerate the innovation and adoption of grade control technology for the construction industry. The availability of the Trimble Earthworks Grade Control technology integrated with the John Deere SmartGrade™ platform will make it easier for John Deere customers around the world to leverage the full benefits of machine control for increased productivity, efficiency and better decision making.

For more than a decade, John Deere has offered a Trimble Ready^® option on select machines to simplify installation in the aftermarket. With this expanded relationship, select John Deere machines equipped with SmartGrade technology will make Trimble Earthworks available direct from the factory or as a field upgrade. This integration will allow machines equipped with SmartGrade to fit seamlessly into the Trimble technology ecosystem simplifying the ways to connect the office to the field and leverage jobsite data.

"Our mission is to help our customers maximize their productivity and profitability, especially when it comes to incorporating valuable technology solutions into their equipment fleets," said Jerred Pauwels, vice president, earthmoving production systems & engineering, John Deere. "Our partnership with Trimble presents a tremendous opportunity for our customers to access Trimble's advanced technology ecosystem. Paired with the power and performance of the John Deere construction equipment line-up with SmartGrade, our customers will be able to make productivity gains, at the jobsite and beyond."

This collaboration not only enhances jobsite safety and efficiency, but also demonstrates a strong commitment by both companies to promote the adoption of machine control technology in the construction industry. To make adoption seamless for the customer, various purchasing options will be available in the future for John Deere SmartGrade with Trimble Earthworks, including factory direct or field installations, and as part of the Trimble Construction One suite of digital solutions.

Integrating Trimble Earthworks will provide John Deere customers greater access to Trimble's construction technology ecosystem. This approach presents more ways for the customer to elevate their operations by effectively connecting and managing data throughout the design-build-operate lifecycle of construction projects.

"Trimble is committed to making it as easy as possible for civil construction contractors on jobsites all over the world to benefit from the use of machine control technology, regardless of what type of heavy equipment they use," said Ron Bisio, senior vice president, field systems at Trimble. "Our Connect & Scale strategy enables smarter operations across digital and physical domains. We are excited to team up with John Deere to advance this mission and better serve their customers' preferred workflows."

About John Deere
Deere & Company (www.JohnDeere.com) is a global leader in the delivery of agricultural, turf, construction, and forestry equipment. We help our customers push the boundaries of what's possible in ways that are more productive and sustainable to help life leap forward. Our technology-enabled products, including John Deere Autonomous 8R Tractor, See & Spray™, and E-Power Backhoe are just some of the ways we help meet the world's increasing need for food, shelter, and infrastructure. Deere & Company also provides financial services through John Deere Financial.

For more information on Deere & Company, visit us at https://www.deere.com.

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.

GTRMB

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SOURCE Trimble

FAQ

What is the new partnership between Trimble and John Deere?

Trimble and John Deere have formed a strategic partnership to integrate Trimble Earthworks Grade Control technology with John Deere SmartGrade™ equipped machines, aiming to accelerate the adoption of grade control technology in the construction industry.

How will the Trimble-John Deere partnership benefit construction customers?

The partnership will provide John Deere customers with greater access to Trimble's technology ecosystem, potentially leading to increased productivity, efficiency, and better decision-making in construction operations.

When will Trimble Earthworks be available for John Deere SmartGrade machines?

The press release doesn't specify an exact date, but indicates that various purchasing options for John Deere SmartGrade with Trimble Earthworks will be available in the future, including factory direct or field installations.

What is the stock symbol for Trimble mentioned in the press release?

The stock symbol for Trimble mentioned in the press release is TRMB, listed on the Nasdaq stock exchange.