Software solutions

Trimble acquires AgileAssets to expand portfolio of infrastructure software solutions

SUNNYVALE, Calif., December 15, 2021 /PRNewswire/ — Trimble (NASDAQ: TRMB) today announced that it has acquired AgileAssets, a provider of enterprise infrastructure asset management software for private organizations and government, including national road authorities and state-level transport agencies in United States. AgileAssets’ powerful Software-as-a-Service (SaaS) asset management solutions provide organizations with advanced analytics for real-time decision making and insights to effectively manage daily maintenance operations. AgileAssets solutions address global challenges associated with maintaining and replacing aging transportation infrastructure. Financial terms were not disclosed.

AgileAssets provides organizations managing roads, bridges, airports, and rail assets with SaaS solutions to better plan, operate, and report on assets across the lifecycle. For example, the use of real-time inspection data and advanced analytics capabilities provides information and intelligence to make more informed decisions about how to maintain or rebuild vital infrastructure. To date, AgileAssets has helped infrastructure asset owners maintain approximately 55% of state roads and highways (approximately 2.8 million lane miles) and 357,000 bridges in the United States.

With the passing of the Infrastructure Investment and Jobs Act (IIJA) and other infrastructure legislation around the world, owners are investing in digital transformation to better manage the full lifecycle of their assets, from design from construction to operation. Embracing the digital twin, a virtual 3D model designed to accurately mirror a physical object, is transforming construction and asset operations. Adding AgileAssets to the Trimble platform will add “as-designed” and “as-built” data to the 3D model for maintenance and improvement phases. Having this data available in the model creates a robust digital twin for owners throughout the asset lifecycle. This solution allows an owner to track the transportation asset throughout its lifecycle, providing greater predictability, durability, and lower asset costs.

“AgileAssets is a pioneer in developing software to address the challenges associated with managing and maintaining aging critical infrastructure,” said Shelly Nouner, general manager of the Civil Design and Engineering division of Trimble. “Trimble has a long history of transforming industries by providing end-to-end solutions that help customers survey, design, build and assess infrastructure at scale. With AgileAssets, we are now expanding our portfolio of civil infrastructure solutions to include managing and optimizing the performance and sustainability of our customers assets across the lifecycle It’s an exciting time in infrastructure Trimble and AgileAssets together create a powerful combination to drive adoption forward of technology and will enable owners to realize the full potential of digital projects throughout the asset lifecycle.

“We are delighted to join the Trimble ecosystem. Trimble is an ideal partner for AgileAssets and our work to bring intelligent analytics and maintenance solutions to enterprise infrastructure owners,” said Stuart Hudson, CEO of AgileAssets. “The integration of AgileAssets with Trimble will accelerate our approach to intelligent infrastructure asset management and allow us to increase the impact and value our solutions deliver to customers. The combination of construction modeling technology Trimble with our Asset Lifecycle solution will provide our customers with a sleek end-to-end, highly visual and interactive platform for all of their infrastructure management needs.”

AgileAssets will be reported as part of Trimble’s Buildings and Infrastructure segment.

About AgileAssets

AgileAssets, based in Austin, TX, is a provider of SaaS and mobile solutions for transportation asset lifecycle management. From advanced analytics and strategic decision-making to day-to-day maintenance operations, AgileAssets’ solutions help cities, counties, and states deliver safer, more reliable road networks and maximize their return on infrastructure investment. . For more information: www.agileassets.com.

About Trimble

Trimble is an industrial technology company transforming the way the world works by delivering solutions that enable our customers to thrive. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial and transportation. For more information about Trimble (NASDAQ: TRMB), visit: www.trimble.com.

This press release contains forward-looking statements regarding Trimble’s business operations and outlook, including statements regarding the impacts of government infrastructure spending on digital transformation and adoption of Digital Twin technology, and the ability to the acquisition of AgileAssets to expand Trimble’s civil services portfolio of infrastructure solutions and to benefit customers. These forward-looking statements are subject to change and actual results may differ materially due to certain risks and uncertainties. Factors that could cause or contribute to changes in these forward-looking statements include, but are not limited to: (i) the impact of increased infrastructure spending and effects on investment in digital transformation, (ii) Trimble’s ability to integrate AgileAssets’ solutions with Trimble platforms and deliver compelling end-to-end solutions that are adopted by customers, (iii) the realization of other anticipated benefits of the acquisition, and (iv) the risks and uncertainties associated with unforeseen expenses or assumed liabilities that may be incurred as a result of the acquisition. Further information about potential factors that could affect Trimble’s business and financial results is set forth in its filings with the SEC, including Trimble’s Quarterly Reports on Form 10-Q and its Annual Report on Form 10-Q. K. All forward-looking statements are based on information available to Trimble as of the date hereof, and Trimble undertakes no obligation to update such statements.

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