Trimble Divests Select Remote Water Monitoring Assets to Badger Meter
Technology firm Trimble (NASDAQ: TRMB) has sold some component pieces of its remote water monitoring portfolio to Badger Meter Inc. This move includes the divestiture of Trimble’s Telog brand of remote telemetry units (RTUs) and its Trimble Unity Remote Monitoring software. The company didn’t disclose the financial details of the transaction.
Trimble has taken this step as a part of its ongoing strategy to concentrate on core areas pivotal to its long-term growth and strategic product plan. Commenting on the decision, Rob Painter, president and CEO of Trimble, emphasized the value of focusing on the firm’s “Connect and Scale” strategy. According to him, the sale of these remote monitoring solutions to Badger Meter will bolster the strategies for growth for both enterprises.
The company plans to keep its water-related businesses serving marine construction, infrastructure monitoring, and surveying. The assets Trimble has divested offer real-time monitoring hardware and software designed for distributed data collection across water, wastewater, stormwater, and environmental water monitoring applications. In combination, Telog’s data recorders and Trimble’s Unity Remote Monitoring software offer a comprehensive view of user operations to water and wastewater municipalities and service providers.
Badger Meter chairman, president, and CEO Kenneth Bockhorst lauded the acquisition, saying it aligns perfectly with their strategic growth directions. He highlighted the added benefits of the new hardware-enabled software for network monitoring, saying it would provide a broader range of data, analytics, and information, thereby helping customers make more efficient, resilient, and sustainable decisions. This improvement aims to save money, enhance asset performance, and minimize risk across entire enterprises.
Westminster, Colo.-based Trimble offers core technologies such as positioning, modeling, connectivity, and data analytics for industries including construction, geospatial, agriculture, and transportation.
