Caterpillar and Trimble extend long-standing joint venture to accelerate grade control innovation and customer adoption across the construction sector
Caterpillar Inc. (NYSE: CAT) and Trimble (NASDAQ: TRMB) announced yesterday the extension of their long-standing joint venture. The agreement includes expanded distribution of grade control solutions in the construction sector to accelerate innovation and customer adoption.
Since 2002, the Caterpillar Trimble Control Technologies (CTCT) joint venture has led the industry in grade control solutions, delivering products that contribute to jobsite safety and productivity.
The renewed agreement will increase industry reach and provide customers broader availability of interoperable grade control solutions via a flexible platform for use by Caterpillar, Trimble and other technology providers and equipment manufacturers. With a strengthened partnership, this agreement enables both Trimble and Caterpillar to increase innovation and differentiation, develop new offerings and pursue new industry and geographic opportunities.
For Caterpillar customers, there are more ways to access the technology:
Factory-fit grade options through Caterpillar
Cat® Grade 3D Ready options allow upgrading at any point within the machine lifecycle
Expanded aftermarket and digital offerings directly through Cat dealers
Trimble customers also benefit from broader availability:
Continued mixed-fleet support from trusted SITECH® dealers
Expanded distribution network to reach and meet the needs of mixed fleet customers
Streamlined access to grade control through Trimble Construction One™ suite of digital solutions further extends Trimble’s construction technology ecosystem
“Trimble's Connect & Scale strategy has created an ecosystem that empowers customers across both the physical and digital worlds. The next phase of our joint venture will drive innovation in grade control technology to expand the industry opportunity with localized and differentiated solutions while improving technology interoperability,” said Rob Painter, president and CEO of Trimble. "This partnership underscores a joint commitment to connect the office and the field throughout the design-build-operate lifecycle of construction projects.”
"Caterpillar and Trimble have a long history of innovating together,” said Tony Fassino, Caterpillar Construction Industries group president. “We are proud of what we’ve developed to help customers optimize their operations, including grade control. Today’s announcement is a continuation of this collaboration. With a focus on accelerating this leading-edge technology, we are committed to making it easier for customers to acquire and adopt our solutions across Cat and mixed fleets alike."
