SUNNYVALE, Calif., May 17, 2016 /PRNewswire/ -- Trimble (NASDAQ:
TRMB) announced today that it has sold its Trimble Energy
Transmission Solutions (TETS) business to GeoSpatial Innovations,
Inc. (GSI), a leading engineering software provider to electric and
natural gas utilities in North
America. TETS transmission and distribution software
includes TL-Pro Design Studio for engineering overhead power line
systems and Corridor Analyst for line routing. GSI intends to
integrate the TETS solutions into its cloud-based and on-premises
GSI AssetManager portfolio which improves productivity and safety
for technical field workers engaged in electric and natural gas
line design, asset inventory and inspection, storm damage
assessment, and vegetation management. Financial terms of the sale
were not disclosed.
"This transaction is an element of our continuing program to
tighten our corporate focus," said Michael
Lesyna, vice president, Strategy and Corporate Development
for Trimble. "While Trimble remains actively engaged in the utility
market, this divestiture enables the company to focus its resources
in other aspects of the business."
"Trimble and GSI have partnered in the utility space since 2001
on significant solutions that impact how major utilities conduct
field operations, so it made perfect sense for GSI to acquire and
integrate the TETS business into our offerings," said Carl Livingood, president of GeoSpatial
Innovations, Inc. "The TETS business is complementary to GSI's
business, and as a result of this transaction, we will be able to
enhance our solutions more quickly and economically."
About GeoSpatial Innovations, Inc.
GSI is a private, woman-owned software company headquartered in
Washington, Pennsylvania with development offices in
Austin, Texas and Liberty Lake, Washington. Since 1999, GSI has
delivered engineering and mobile solutions to electric and natural
gas utilities throughout North
America. The GSI AssetManager suite improves productivity
and safety for field workers engaged in gas and electric design and
optimization, asset inventory and inspection, storm damage
assessment, and vegetation management. With on-premises and cloud
capabilities, GSI software allows utilities of all sizes—from major
investor-owned utilities to rural cooperatives—to make significant
improvements in their field workflow.
For more information, visit: www.gsiworks.com.
About Trimble
Trimble is transforming the way the world works by delivering
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
transforming a broad range of industries such as agriculture,
construction, geospatial and transportation and logistics. For more
information about Trimble (NASDAQ:TRMB), visit:
www.trimble.com.
GTRMB
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SOURCE Trimble