Trimble Acquires Savcor Oy
SUNNYVALE, Calif., March 3, 2017—Trimble (NASDAQ: TRMB) announced that it has acquired the forestry business of Savcor Oy, a global supplier of forestry solutions for performance optimization and enterprise management. Trimble has also acquired Silvadata, a provider of cloud-based data, collaboration and workflow automation services to small- and medium-sized forestry companies. The acquisitions expand Trimble’s global reach and complement Trimble’s Connected Forest solutions. Financial terms were not disclosed.
Trimble’s Connected Forest solutions manage the full raw materials lifecycle of planning, planting, growing, harvesting, transporting and processing. The solutions improve decision making at every step—from forest to mill and from land acquisition to product delivery—by combining industry-specialized software and state-of-the-art hardware into solutions for land, forest and fiber management. With the addition of Savcor and Silvadata to the Connected Forest portfolio, Trimble now offers the most comprehensive supply chain solutions available to the forest industry today.
“The Savcor and Silvadata acquisitions build upon our strategy to provide global customers with a complete end-to-end ecosystem for forest management, traceability and timber processing,” said Ken Moen, general manager of Trimble’s Forestry Division. “Our fundamental focus is to provide integrated solutions that drive agility, improve efficiency and provide better visibility at each stage of the forest lifecycle.”