Trimble Acquires Tata AutoComp Mobility Telematics From Tata AutoComp Systems in India to Expand Its Mobile Solutions

SUNNYVALE, Calif., Dec. 9, 2010 — (PRNewswire) — Trimble (Nasdaq: TRMB) announced today it has acquired Tata AutoComp Mobility Telematics Limited (TMT), a wholly-owned company of Tata AutoComp Systems Limited of Pune, India. TMT is a leading provider of telematics solutions and Mobile Resource Management (MRM) services in India and serves large customers such as Bharat Petroleum Corp. Ltd. as well as Tata Group companies such as Tata Motors. The acquisition is expected to expand Trimble's MRM solutions portfolio and allow the company to better address markets in India. Financial terms were not disclosed.

 

TMT solutions are marketed under the "trako" brand. In addition to providing vehicle tracking, TMT offers a broad range of specialty telematics solutions including: school bus applications that provide location information to parents via the Internet and SMS; bus tracking for state transport and city transportation services that provide online tracking information to bus operators and dynamic expected time-of-arrival forecasts on LED displays at bus stops, over the Internet and on mobile phones; cargo management for logistics supply chain organizations to track and integrate vehicle location data with Enterprise Resource Planning (ERP) systems for on-road visibility of cargo; dispatch management for emergency service vehicles such as ambulance and fire; waste truck management applications for municipal corporations, environment management companies and waste carriers that track their collection and service vehicles and monitor waste pick-up schedules by geo-coding waste bins.

R S Thakur, executive director and CEO of Tata AutoComp Systems Limited said, "Tata AutoComp has devised its growth strategy for the period up to 2020. The TMT decision is in sync with our strategy to focus and strengthen our core business areas. When deliberating our options for TMT, including a new home for TMT, we were convinced that Trimble was the right choice given its worldwide position and service record in MRM. We are confident that all the customers of TMT, including various Tata companies, will continue to benefit from the TMT ownership by Trimble."

"The TMT acquisition broadens Trimble's portfolio of telematics and MRM solutions and underscores our commitment to the Indian market," said Bryn Fosburgh, Trimble vice president. "We look forward to building on the solid foundation that Tata AutoComp Systems and TMT have created as we expand Trimble's presence in India."

The TMT business will be reported as part of the Mobile Solutions segment.

About Tata AutoComp Systems Limited

Tata AutoComp Systems Limited (Tata AutoComp), promoted by the Tata Group, provides products and services to the Indian and Global automotive OEMs as well as Tier 1 suppliers. Its clients include Ashok Leyland, BMW, Fiat, Force Motors, Ford Motors India, General Motors India, Honda, John Deere, Mahindra & Mahindra, Mahindra-Navistar, Man, Mercedes-Benz, Nissan, Piaggio, Renault, Tata Motors, Toyota Kirloskar Motors Limited, Volkswagen and Volvo-Eicher. Tata AutoComp has its own capabilities in Automotive Interior and Exterior Plastics, Composites and Engineering. Tata AutoComp has 6 joint ventures in partnership with companies from the Global Auto Component Industry and has over 40 manufacturing facilities spread across India and China.

For more information, please visit: www.tacogroup.com.

About Trimble

Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location—including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978, Trimble is headquartered in Sunnyvale, Calif.

For more information, visit Trimble's Web site at:   www.trimble.com.

Certain statements made in this press release are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, and actual events and results may differ materially from those described in this news release. Factors that could cause or contribute to such differences include, but are not limited to, Trimble's ability to successfully integrate the TMT business, and expand Trimble's MRM solutions portfolio and market presence in India. Additional risks and uncertainties include: the risks inherent in integrating an acquisition; unanticipated expenditures, charges or assumed liabilities that may result from the acquisition; and retaining key personnel and commercial relationships. 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

SOURCE Trimble

Contact:
Trimble
TMT
Tata AutoComp Systems Limited
Investor Relations, Willa McManmon
Phone: +1-408-481-7838
Email Contact
Media, Lea Ann McNabb
Phone: +1-408-481-7808
Email Contact both of Trimble
Web: http://www.trimble.com

 




Review Article Be the first to review this article
Featured Video
Jobs
Senior Structural Engineer for Design Everest at San Francisco, CA
Business Partner Manager for Cityworks - Azteca Systems, LLC at Sandy, UT
GIS Analyst II for Air Worldwide at Boston, MA
Upcoming Events
2017 CURT National Conference at Sheraton Grand at Wild Horse Pass 5594 West Wild Horse Pass Boulvard Chandler AZ - Feb 12 - 15, 2017
32nd RCI International Convention and Trade Show at Anaheim Convention Center Anaheim California - Mar 16 - 21, 2017
2017 Spring BIMForum at Sheraton San Diego Hotel & Marina San Diego California - Apr 3 - 5, 2017
GRAPHISOFT: ARCHICAD download 30-day FREE trial
Graphisoft ARCHICAD  Download a 30-Day FREE trial
TurboCAD pro : Start at $299
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy