Virtual venture

  • 19-Nov-2008 10:30 EST

Caterpillar Inc. and Trimble, an innovator in developing technology for mobile and work applications, have formed a new joint-venture company and a new distribution agreement. The new company, VirtualSite Solutions, will integrate the expertise of both parent companies in the areas of product design and software development to transform the way contractors manage their businesses. The joint venture will be located in Westminster, CO, home of Trimble's engineering and construction product development and marketing organization. An office will also be established in Peoria, IL, where the joint-venture staff will work closely with Caterpillar's Electronics & Connected Worksite Division. The joint venture will initially focus on applications for road construction, paving, heavy construction, and quarry/aggregates worksites.

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