SUNNYVALE, Calif., Feb. 8, 2017 /PRNewswire/ -- Trimble
(NASDAQ: TRMB) announced today that it has acquired privately-held
Beena Vision Systems Inc., a manufacturer of vision-based automatic
wayside inspection systems for the railroad industry, headquartered
in Norcross, Ga. Financial terms
were not disclosed.
Beena Vision provides vision-based wayside detectors for the
rolling stock maintenance market. Its non-contact measurement
technology enables highly detailed condition assessment of train
components—ranging from wheel surface condition to full train
inspection—on trains operating in service and at high speeds. Beena
Vision's wayside systems, coupled with software applications and
image analysis technology, enable Train Operating Companies (TOCs)
to manage fleet maintenance and operation through automatic
measurements and inspections. Real-time alarms, alerts and reports
enable significant reductions in maintenance costs and increase
fleet availability for revenue generation.
Beena Vision systems are installed at most major North American
Class 1 railroads as well as other worldwide TOCs.
Beena Vision integrates with Trimble's rail strategy and
complements Trimble's rolling stock asset management solutions,
adding vision-based data collection to existing data aggregation
and analytics tools. Trimble's enterprise solutions manage the
lifecycle of rolling stock from operation through maintenance and
repair, allowing companies to improve operational efficiencies,
manage service levels and reduce their costs. Beena Vision
solutions, when integrated with the Trimble platform, provide TOCs
with a more complete picture of their rolling stocks' on-board
systems as well as the train components.
"Many of the largest TOCs in the U.K. and Europe rely on Trimble's solutions for rolling
stock asset management. Adding Beena Vision's automatic wayside
inspection systems makes us even more relevant to an expanding
customer base. Beena Vision's strong North American and Australian
presence, in conjunction with Trimble's UK and Europe presence, provides the ability to
access new customers. In addition, Beena Vision's freight segment
focus combined with Trimble's passenger rail focus creates
significant synergy potential," said Tomas
Larsson, general manager of Trimble's Railway Solutions
Business. "Our fundamental focus is to provide solutions that
reduce cost, improve efficiency and provide better visibility into
train operations to maximize productivity."
"We are very excited to join Trimble. I believe the addition of
Beena Vision's solutions to Trimble's portfolio extends our
collective ability to deliver more powerful and robust rail
solutions," said Dr. Kambiz Nayebi,
CEO of Beena Vision. "In addition, we can leverage Trimble's broad
portfolio of technology to even further strengthen our solutions.
As part of Trimble, our commitment to our customers remains
unchanged as we continue to deliver best-in-class solutions and
services."
The Beena Vision business will be reported a part of Trimble's
Engineering and Construction Segment.
About Beena Vision Systems Inc.
Founded in 2003, Beena Vision Systems Inc. is a leading
manufacturer of vision-based automatic wayside inspection systems
for the railroad industry using sophisticated machine vision and
non-contact measurement technologies. These products are
specifically designed to provide valuable information to
effectively assess train components and track safety conditions.
Headquartered in Norcross, Ga.,
Beena Vision has a state-of-the-art facility and an extensive
R&D program to develop additional advanced systems for
automatic monitoring of several critical components for freight and
passenger cars, bogies, and locomotives.
For more information, visit:
http://www.beenavision.com.
About Trimble's Railway Solutions
Trimble's railway solutions combine the latest in sensors and
monitoring technologies with customized software and wireless
communications enabling users to quickly and accurately capture the
data needed to maintain and construct railway infrastructure or to
manage rail transport assets. Trimble's solutions use integrated
processes and workflows for complete railway infrastructure and
asset lifecycle management. From the infrastructure planning,
design, construction, and maintenance phases to the operation,
maintenance and repair of rail transport assets the solutions
streamline operations to keep railway projects on time and in
budget.
For more information, visit:
http://www.trimble.com/rail.
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.
This press release contains forward-looking statements
regarding the business operations and prospects of Trimble,
including statements regarding the impact of the Beena Vision
acquisition on extending and accelerating Trimble railway
solutions, an expanding customer base, and synergy potential. 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, (ii)
Trimble's ability to combine Beena Vision's solutions with
Trimble's rolling stock enterprise solutions to deliver more
complete and innovative solutions for railway infrastructure
companies and passenger train and other transport operators,
(iii) Trimble and Beena Vision's ability to leverage their
respective international footprints to extend the reach of their
products more globally, and (iv) 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