Market Overview

Trimble Acquires Assets of RainWave and Hydro-Engineering

Trimble (NASDAQ: TRMB) announced today that it has acquired the assets of privately-held RainWave, LLC and Hydro-Engineering Solutions, LLC of Auburn, Ala. The acquisitions will help to extend the monitoring and reporting capabilities of Trimble's Connected Farmâ„¢ solution and strengthen its water management expertise. Financial terms were not disclosed.

RainWave provides precipitation monitoring services for agribusiness, construction and engineering, government and consumer industries. RainWave will be part of the Connected Farm solution, which simplifies and integrates operations management by providing information exchange across the entire farm. This RainWave service will provide farmers across the U.S. with vital rainfall data they can use to better manage their crop production.

See full press release

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

 

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