JV for Caterpillar and Trimble

Caterpillar and Trimble have announced a new joint venture (JV) company and distribution agreement that will focus on applications for road construction, paving, heavy construction and quarry/aggregates worksites.

The new company, VirtualSite Solutions, will integrate the "deep expertise" of both companies in the areas of product design and software development.

"With an increasing need to improve customer job site productivity, reduce fuel consumption and maintenance costs while maximising equipment health and utilisation, there has never been a better time to integrate machine monitoring with site management to create a market-leading connected worksite for our customers," said Gwenne Henricks, Caterpillar vice president with responsibility for the Electronics & Connected Worksite Division.