logo
  Join        Login             Stock Quote

Trimble Navigation (TRMB) Acquires Geotrac To Boost Canadian Presence

 June 11, 2012 07:48 AM
 


(By Balachander) Trimble Navigation Ltd. (NASDAQ: TRMB) has agreed to acquire Canada's GEOTrac Systems Inc. for an undisclosed sum to bolster its transportation services presence in the North American oil and gas sector.

Privately-held GEOTrac Systems Inc. provides wireless fleet management services with its geographic information systems (GIS) mapping, web-based software and rugged hardware for the oil and gas industry.

Ron Konezny, general manager of Trimble's Transportation and Logistics unit, said GEOTrac's reach "more than doubles its installed base in Canada."

According to Trimble, when a customer logs into GEOTrac's web-based application, they can retrieve the latest map detail as provided by current activity in the field. GEOTrac dynamically feeds GPS coordinates from thousands of vehicles daily.
 
Sunnyvale, California-based Trimble Navigation offers positioning, wireless, and software technology services, including global positioning system (GPS) receivers and embedded modules for aircraft navigation and timing applications.

[Related -Analysts' Upgrades And Downgrades: AGN, DELL, EA, EXPE, SLGN, TRMB, VIAB]

TRMB shares ended at $47.60 on Friday.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageLevel 3 Communications, Inc. (LVLT): A Good Time To Buy Says Macquarie

On a day Wall Street is struggling to advance, Level 3 Communications, Inc. (NYSE:LVLT) is having no such read on...

article imageAbercrombie & Fitch Co. (ANF) Q2 Earnings Preview: The Unkind Quarter

Abercrombie & Fitch Co. (NYSE:ANF) will be holding its second quarter 2014 earnings conference call for all read on...

article imageWorkday Inc. (WDAY) Q2 Earnings Preview: Built In Surprise

Workday Inc. (NYSE:WDAY) plans to announce its fiscal 2015 second quarter results after market close on read on...

article imageArcelorMittal SA (ADR)(MT): Steel Stocks about to Get Red Hot

For the second consecutive day, a major broker upgraded a steel company by advancing their recommendation read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.