SUNNYVALE, Calif., April 10, 2017 /PRNewswire/ -- Trimble (NASDAQ:
TRMB) announced today that it has acquired Canadian-based BOS
Forestry, a provider of collaboration, harvesting, production and
lumber sale solutions for small- and medium-sized forestry
companies. The addition of BOS Forestry emphasizes Trimble's focus
on technologies that address the complete end-to-end ecosystem for
forest management, traceability and timber processing. Financial
terms were not disclosed.
BOS Forestry's suite of applications provide simplified
processes for scale site, log load, yard inventory, contractor
settlement, finished goods sales and distribution. In addition, BOS
offers a trade portal that facilitates the collaboration of wood
supply stakeholders and brings together an innovative network for
buyers and sellers to make more informed decisions and improve
fiber productivity by leveraging all aggregated log load data
transactions. The integration of BOS Trade into Trimble's Connected
Forest portfolio provides a key component to enable transparency
and visibility across the fiber business.
Trimble's Connected Forest solutions manage the full raw
materials lifecycle of planning, planting, growing, harvesting,
transporting and processing. The solutions improve decision making
at every step—from forest to mill and from land acquisition to
product delivery—by combining industry-specialized software and
state-of-the-art hardware into solutions for land, forest and fiber
management. Trimble offers the most comprehensive supply chain
solutions available to the forest industry today.
"Our goal is to continue to expand Trimble's Connected Forest
capabilities and we are excited that BOS Forestry will be part of
the team," said Ken Moen, general
manager of Trimble's Forestry Division. "The forest industry is
converging. We are now ideally positioned to enable customers to
take advantage of the efficiencies associated with supply chain
collaborative planning, information sharing and the integration of
sawmill, contractor, log vendor, scale site and transport business
data."
"BOS Forestry streamlines wood supply management, settlement and
reconciliation processes with powerful analytical tools and
collaborative web services," said Grant
Sutherland, CEO, BOS Forestry. "The web portal provides a
clearinghouse for all wood supply stakeholders and forest industry
partners to manage scale tickets, analyze load information and
monitor transport. We are delighted to be part of Trimble and look
forward to contributing strategically to the Connected Forest and
strengthening its forest lifecycle capabilities."
About BOS Forestry
BOS Forestry Corporation provides innovative enterprise and web
portal applications to streamline fiber operations and enable
e-commerce between industry trading partners. The company was
founded in 2015 with a continued focus on delivering real-time
information on logging and hauling activity, inventory, log
quality, contracts and financial settlement to its customers and
partners. For more information, visit:
http://www.bosforestry.com or contact:
info@bosforestry.com.
About Trimble's Forestry Division
Trimble's Forestry Division offers land, forest and fiber
management solutions that improve the productivity and operations
for some of the world's most recognized integrated forest product
companies, forest land owners, timberland investment, conservation,
state and federal departments as well as international food
processing companies involved in environmental, social and economic
land management. The Connected Forest solutions manage the full raw
materials lifecycle of planning, planting, growing, harvesting,
transporting and processing.
For more information, visit: www.trimble.com/forestry.
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 the impacts of the BOS Forestry acquisition on expanding
Trimble's Forestry Division's global reach and solution offerings
to the forestry industry. 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 integrate BOS Forestry's
applications with Trimble's Connected Forest solutions, and deliver
compelling solutions to the forestry market, and (iii) 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