AgileAssets, the premier transportation infrastructure asset management platform, has been acquired by Trimble (NASDAQ:TRMB).
- Pioneering platform for managing transportation infrastructure assets, including pavement, structures, facilities, fleets, signals, safety devices and more
- The company has been instrumental in leading the public sector from on-premise to modern cloud-based technologies
- The transaction follows the passage of the landmark $1.2 trillion Infrastructure Investment and Jobs Act that will renew existing infrastructure spend by injecting $550 billion of new federal investment into America’s infrastructure, including $110 billion for roads and bridges
- Headquartered in Austin, Texas, with over 150 employees & contractors across North America and Europe serving the needs state DOTs, local governments, federal government agencies, turnpike / road authorities and public-private-partnership organizations
Founded in 1994, AgileAssets pioneered the transportation infrastructure asset management market. AgileAssets’ premier, market-leading platform powers the complete infrastructure lifecycle from capital planning through operations management across all major asset categories. The company’s SaaS platform serves as an enterprise system of record, managing +1 million lane miles and +100,000 vehicles & other resources through best-in-class functionality and seamless integrations with Linear Referencing Systems and the Digital Twin. AgileAssets is headquartered in Austin, TX and has over 150 employees & contractors globally servicing state DOTs, local governments, turnpike / road authorities and P3 organizations.
Founded in 1978, Trimble Inc. (NASDAQ: TRMB) is transforming the way the world works by delivering products and services that connect the physical and digital worlds. Core technologies in positioning, modeling, connectivity and data analytics enable customers to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble software, hardware and services are transforming a broad range of industries such as agriculture, construction, geospatial and transportation. For fiscal year 2020, Trimble reported revenues of $3.2 billion, $1.3 billion ARR and 25.3% EBITDA margin, while investing over $440 million into development.
PracticesConstruct TechnologyEngineering Software
MPG Transaction LeaderMichael MagruderR. Drew OgdenJeffrey Herriman