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| Caterpillar, Trimble to form new joint venture The world's leading earthmoving equipment manufacturer, Caterpillar Inc. and Trimble, the leading innovator in developing technology for mobile and work applications, announced the creation of a new joint venture company and a new distribution agreement. The new company, VirtualSite Solutions, will integrate the deep 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 create information rich worksites allowing customers to more efficiently and safely manage their equipment fleets, reduce operating costs and improve productivity in the area of fuel consumption, maintenance, worksite productivity and fleet logistics. The new joint venture will build upon the already successful relationship between Caterpillar and Trimble, which includes another joint venture - Caterpillar Trimble Control Technologies (CTCT), that was created in 2002 to develop machine control products such as Caterpillar's AccuGrade system and the Trimble Grade Control System product lines, both proven, versatile and rugged grade control systems. write your comments about the article :: © 2008 Construction News :: home page |