Trimble Navigation (TRMB), an original equipment manufacturer of positioning, surveying and machine control products, recently acquired a privately held Load Systems International Inc. (LSI). The financial terms of the deal have not been disclosed.
Headquartered in Canada, LSI manufactures hardwired crane safety instruments and wireless solutions to increase transparency and safety of the crane and lifting industry.
LSI’s products include load cells and pins, line-riding tensiometers, load moment indicator (:LMI) systems with pressure transducers, rated-capacity indicators (RCI) and limiters, inclinometers, cable reels, wind speed sensors and displays and work-area definition software to name a few. These products can be used across a range of industries in multiple applications such as vertical buildings, ports and terminals, mining, and the onshore and offshore requirements of the oil/gas/chemical industry.
LSI’s expertise in crane safety services, along with Trimble’s own technologies will help operators and construction teams improve the efficiency of construction and maintenance projects. LSI’s varied solutions such as crane collision avoidance, advanced instrumentation, sensing and radio technologies will help engineers deal with the increasing complexity of the electronic and construction industry in a better way. Common problems like extension or dismantling of the crane, extreme weatherconditions, or operator misuse can now be handled in a better way.
Trimble has an aggressive merger and acquisition strategy. In 2013, the company completed more than half a dozen acquisitions serving various business models. In Jun 2014, Trimble acquired Mining Information Systems (:MIS), a leading provider of enterprise-level information required for monitoring and management of mining and ore processing operations. In the same month, Trimble acquired the assets of a virtual design and construction technology company, MAYBIM, which offers 3D Building Information Modeling (:BIM) services to mechanical, electrical and plumbing (MEP) contractors across the U.S.Last week, Trimble acquired Manhattan Software, a leading real estate and facility management software company.
These acquisitions have helped the company enhance its product line and boost top line.
In the second quarter of fiscal 2014, Trimble earned revenues of $642.2 million. Revenues were up 6.2% sequentially and 11.4% year over year, driven by strong performance in the Engineering & Construction and Advanced Devices segments. However, government sequestration and increased competition in all of its end markets remain a matter of concern.
Currently, Trimble has a Zacks Rank #3 (Hold). Other stocks that have been performing well and are worth a look include AXT Inc. (AXTI), sporting a Zacks Rank #1 (Strong Buy), and Broadcom Corp. (BRCM) and Fairchild Semiconductor International Inc.(FCS) carrying a Zacks Rank #2 (Buy).
Source : https://finance.yahoo.com/news/trimble-improves-product-line-load-145002787.html
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