Trimble Announces It Has Completed The Sale Of Select Remote Water Monitoring Hardware And Software, Inclusive Of The Telog Brand Of RTUs, And Trimble Unity Remote Monitoring Software To Badger Meter, Inc.; Financial Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Trimble (TRMB) has completed the sale of its remote water monitoring hardware and software, including the Telog brand and Trimble Unity Remote Monitoring software, to Badger Meter, Inc. The divestiture aligns with Trimble's strategy to focus on core growth areas and its strategic product roadmap. The financial terms of the deal were not disclosed. Trimble will retain its water-related businesses in marine construction, infrastructure monitoring, and surveying. Badger Meter's CEO views the acquisition as a perfect fit for their strategic growth and enhancing their data and analytics offerings.
January 03, 2024 | 9:02 pm
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Trimble has sold its remote water monitoring hardware and software to Badger Meter, aligning with its strategy to concentrate on core growth areas. The financial details were not revealed, but the move could be seen as positive for streamlining operations and focusing on more profitable segments.
The sale of non-core assets is generally viewed positively by the market as it indicates a company's commitment to streamlining operations and focusing on more profitable or strategic areas. While financial terms were not disclosed, the divestiture could potentially improve Trimble's financials by reducing complexity and allowing for more focused investment in its core businesses.
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