Market Overview

Trimble to Acquire IQ Irrigation Assets

Trimble (NASDAQ: TRMB) announced today that it has entered into a definitive agreement to acquire the assets of privately-held IQ Irrigation of Christchurch, New Zealand. Financial terms were not disclosed. The acquisition is expected to close by the end of August 2013.

IQ Irrigation provides a reliable and precise hardware and software solution for controlling linear and pivot irrigation systems. It enables farmers to apply the right amount of water in the right place based on crop requirements, optimizing water usage.

IQ Irrigation's GPS-controlled system controls individual nozzles on most irrigator makes and models, and can be operated remotely with an Internet application that can be run from a computer or mobile device. Options range from straightforward control of the irrigator to creation of no spray or variable spray areas, or complex irrigator control with many variable watering patterns and liquid manure dispersal capability. The solution also includes application reports that detail what input (water, liquid manure or fertigation) was applied as well as when and where it was applied. Farmers are able to select the irrigation patterns that suit their crop, terrain and farming operation, including the ability to keep select areas dry such

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Posted-In: News Guidance Contracts Asset Sales M&A

 

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