Trimble and the Hilti Group announced today that they have reached a definitive agreement to form Intelligent Construction Tools, LLC. The joint venture, 50 percent owned by Trimble and 50 percent owned by Hilti, will focus on leveraging technologies from both companies to develop measuring solutions for the building construction trades. Partnering since 2002, the Hilti and Trimble organizations share similar values—focusing on a deep understanding of the customer needs and harnessing innovation to develop value-added solutions that increase customer productivity. In addition, Trimble and Hilti have complementary channels and geographic footprints in the building construction space. By combining Hilti’s expertise in a wide range of leading application systems for construction professionals with Trimble’s broad portfolio of positioning technologies, the joint venture will deliver a new class of productivity solutions to the building construction industry. “We are extremely pleased to be partnering with Hilti,” said Steven W. Berglund, president and CEO of Trimble. “The joint venture brings tremendous synergy to Trimble and Hilti by providing the expertise and platform to develop long-term strategies to serve the building construction market. The powerful combination of these two companies creates a unique opportunity to change the way work is done on building sites.” Read More
