Seeking Alpha

Trimble acquires 3 agriculture-focused companies

  • Trimble Navigation (TRMB -2.2%is building its agriculture business through 3 acquisitions.
  • It acquired Rainwave, a precipitation monitoring services firm that uses GPS tech to replace on-site gauges, Hydro-Engineering Solutions, a civil engineering company that specializes in hydrology and hydraulics, and IQ Irrigation, a software company which uses GPS to optimize irrigation systems.
  • Trimble has closed the acquisitions of Rainwave and Hydro-Engineering Solutions. It expects to close the purchase of IQ Irrigation in Aug.
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