Trimble and Caterpillar have reached an agreement to form Caterpillar Trimble Control Technologies LLC, a joint venture, 50% owned by Trimble and 50% owned by Caterpillar that will develop advanced electronic guidance and control products for earthmoving machines in the construction, mining and waste industries.
Caterpillar Trimble Control Technologies LLC will be based in Dayton, OH and is expected to begin operations on April 1, 2002. Mark Nichols, formerly the division vice president of Machine Control for Trimble’s Engineering and Construction Division, will serve as general manager for the joint venture. Under the terms of the agreement, Caterpillar will contribute cash and selected technology, and Trimble will contribute existing machine control product technologies.
Additionally, both companies have licensed patents and other intellectual property from their portfolios to the joint venture. Initially, the new company will supply products to Trimble and Caterpillar. Each will market, distribute, service and support the products using their own independent distribution channels.
Caterpillar will offer products as a fully integrated, factory-installed option, while Trimble will continue to address the aftermarket with products for earthmoving machines through its global dealer channel.