Trimble has entered into a definitive agreement to sell its Time and Frequency, Loadrite, Spectra Precision Tools and SECO accessories businesses to Precisional LLC, a subsidiary of The Jordan Co. The divestiture is consistent with Trimble’s strategy to focus on the areas essential to its long-term growth and strategic product roadmap.
“We are continually evaluating our product portfolio as we work to execute Trimble’s Connect and Scale 2025 strategy,” said Rob Painter, president/CEO of Trimble, in a prepared statement. “Trimble is focused on connected industrial platforms and digital business transformation capabilities, making Precisional and TJC ideal solutions for business growth.
TJC, a private equity firm, completes acquisition in partnership with industry executive Drew Ladau to form Precisional LLC (“Precisional”), a global platform focused on precision measurement and data solutions enabling the efficiency in the most demanding infrastructure end markets.
“The Trimble companies that will join Precisional have a long tradition of innovation, and each is a leader in the markets they serve,” Precisional CEO Drew Ladau said in a statement. “I am thrilled to build on this strong foundation alongside the dedicated employees who have served their customers so well over the years. Additionally, we plan to accelerate the pace of innovation and growth by focusing resources and investments on these core businesses supported by TJC. »
Said Erik Fagan, Partner at TJC:
“Precisional’s acquisition of four industry-leading businesses from Trimble forms the foundation for a new platform focused on accurate measurement and analytical information to improve productivity in a wide range of applications that rely on precision and reliability. By supporting existing management to invest in Precisional’s operations and product development to integrate precision measurement with data solutions and improve disconnectivity, we intend to accelerate growth opportunities while pursuing synergistic acquisitions. .
Products sold by Trimble
- Time and Frequency products use the precision of GNSS clocks to provide accurate time, timing and frequency reference signals for many industries and applications. Communications systems, data centers, financial networks, utilities, factory automation, security, and other infrastructure rely on precise timing for synchronization and operational efficiency.
- Spectra Precision Tools designs and manufactures high quality leveling, positioning and alignment instruments used for general, exterior and underground construction. The instruments integrate laser and optical technology for general and specialty contractors serving large and small commercial job sites as well as residential builders and remodelers.
- The Loadrite business offers accurate scales for loaders, excavators, conveyor belts, tractors, garbage trucks and forklifts that connect to payload reporting and monitoring systems for the waste, quarry and aggregate industry . The products improve user efficiency by weighing products while they are on a vehicle or conveyor belt, eliminating the need for a separate trip to a fixed scale location.
- The SECO business designs and manufactures a wide variety of accessory products used in conjunction with surveying and construction instruments. The accessory product portfolio includes tripods, telescopic poles, prisms, carrying cases, GPS antenna poles, safety vests and leveling staffs.
Loadrite, Spectra Precision Tools and SECO businesses are part of Trimble’s Buildings and Infrastructure segment. Time and Frequency activity was reported as part of Trimble’s Geospatial segment.