Trimble to Acquire Assets of Asset Forestry Limited
Trimble (NASDAQ: TRMB) announced today that it has entered into a definitive agreement to acquire the assets of privately-held Asset Forestry Limited (Asset), a provider of forestry logistics software and services. The addition of Asset's software and domain experience extends Trimble's portfolio of forestry logistics and optimization solutions, already in use in North America and Europe. Financial terms were not disclosed. The acquisition is expected to close by the end of September 2013.
Asset is a provider of timber dispatch technology and services. Asset's WSX logistics system drives timber transportation productivity and streamlines supply chain management to optimize returns on timber.