Trimble Acquires B2W Software to Expand its Civil Construction Portfolio

Rhea-AI Summary

Trimble (NASDAQ: TRMB) has acquired B2W Software, enhancing its offerings for the heavy civil construction sector. This strategic acquisition aims to provide an integrated digital experience for contractors, leveraging B2W's powerful estimating and operations solutions. As infrastructure projects grow increasingly complex, this move is expected to improve productivity and drive sustainability. The acquisition aligns with the global push for digitization in construction, further expanding Trimble's Construction One platform and enhancing operational efficiency across the sector.

Positive

• Acquisition of B2W Software enhances Trimble's civil construction portfolio.
• Integration of B2W's solutions aims to improve productivity and profitability for contractors.
• Expansion of Trimble Construction One platform by adding B2W's capabilities for estimating and operations.

Negative

• The success of the acquisition depends on effectively integrating B2W's capabilities with Trimble's systems.
• Potential risks associated with unexpected expenditures or liabilities from the acquisition.

Expanded Trimble Construction One Portfolio Enables an End-to-End Digital Experience for Heavy Civil and Infrastructure Contractors to Enhance Productivity, Profitability and Sustainability

SUNNYVALE, Calif., Sept. 14, 2022 /PRNewswire/ -- Trimble (NASDAQ: TRMB) announced today it has acquired privately-held B2W Software, a leading provider of estimating and operations solutions for the heavy civil construction industry. Financial terms were not disclosed.

With the passage of the Infrastructure Investment and Jobs Act (IIJA) and other infrastructure legislation across the globe, construction organizations are fast tracking the digitization of their processes and operations. As infrastructure projects become increasingly complex, data-driven insights and analytics will be imperative to improve productivity, increase efficiency and drive sustainability.  

"Seamlessly connected workflows are key to unlocking the true potential of an organization's data," said Elwyn McLachlan, vice president of Trimble's Civil Solutions Division. "With the acquisition of B2W, Trimble will be able to provide an unparalleled end-to-end digital experience—connecting the digital to the physical—for heavy civil and infrastructure contractors." 

The addition of B2W's comprehensive suite of pre-construction and operations capabilities will expand Trimble's already extensive civil infrastructure portfolio and Trimble Construction One, a purpose-built connected construction management platform. B2W's integrated suite of applications includes estimating, scheduling, field tracking, equipment maintenance, data capture and business intelligence. By combining these capabilities with Trimble's rich field data, project management, finance and human capital management solutions, civil contractors will be able to bridge the gap between office and field in new ways, promoting transparency, efficiency and ultimately profitability. 

"B2W has helped thousands of heavy civil contractors increase their bid accuracy and operational efficiency," said Paul McKeon, B2W founder and CEO. "And now with Trimble, we can realize the next chapter of our story. By linking the planned with the executed, we will provide civil contractors with a truly connected construction experience, unlocking valuable new insights for our customers across their entire operation."

B2W will be reported as part of the Buildings and Infrastructure segment.

Perkins Coie LLP acted as legal advisor to Trimble. Piper Sandler & Co. acted as a financial advisor and Foley Hoag LLP acted as legal advisor to B2W Software. 

About B2W

Headquartered in Portsmouth, New Hampshire and founded in 1993, B2W (formerly known as Bid2Win) provides specialized software for heavy civil construction management. Companies throughout North America and several other countries use B2W Software to bid on large-scale infrastructure and commercial projects, plan and manage operations, maintain large fleets of equipment and leverage business intelligence. To learn more, visit:  www.b2wsoftware.com. 

About Trimble

Trimble is an industrial technology company transforming the way the world works by delivering solutions that enable our customers to thrive. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial and transportation. For more information about Trimble (NASDAQ: TRMB), visit: www.trimble.com.

This press release contains forward-looking statements regarding the business operations and prospects of Trimble. These forward-looking statements are subject to change, and actual results may materially differ due to certain risks and uncertainties. Factors that could cause or contribute to changes in such forward-looking statements include, but are not limited to (i) realizing the anticipated benefits of the acquisition, including Trimble's ability to combine B2W capabilities with Trimble solutions, and provide end-to-end, connected solutions to heavy civil and infrastructure contractors, (ii) the growth and worldwide adoption of digitization within construction organizations, and (iii) the risks and uncertainties associated with unexpected expenditures or assumed liabilities that may be incurred as a result of the acquisition. 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 statements.

 GTRMB

 

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SOURCE Trimble

FAQ

What is the significance of Trimble's acquisition of B2W Software?

The acquisition aims to enhance Trimble's civil construction portfolio, providing a more integrated digital experience for heavy civil contractors.

How does the acquisition impact Trimble's Construction One platform?

B2W's solutions will expand the capabilities of Trimble Construction One, improving efficiency in estimating and operations for contractors.

What are the expected benefits of the B2W acquisition for contractors?

Contractors can expect improved productivity, enhanced operational efficiency, and the ability to leverage data-driven insights.

When was the acquisition of B2W Software announced?

The acquisition was announced on September 14, 2022.

What are the financial implications of the acquisition for Trimble?

While financial terms were not disclosed, the integration's success may lead to increased operational efficiency and revenue growth.