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Trimble Acquires Mining Information Systems to Expand its Mining Solutions
SUNNYVALE, Calif., June 9, 2014—Trimble (NASDAQ: TRMB) announced today that it has acquired privately-held Mining Information Systems (MIS), headquartered in Perth, Australia. The acquisition will add enterprise-level information management capabilities to Trimble's portfolio of mining solutions. These enterprise-level capabilities can enable improved productivity, profitability, and safety by providing a more complete view of geospatial, productivity, workforce and cost data across functional areas to support better operational and strategic decision making. Financial terms were not disclosed.
MIS provides market-leading information systems for data required for enterprise-wide monitoring and management of mining and ore processing operations. MIS systems collect and integrate data across functional areas and sources, regardless of data origin. This capability combined with Trimble's geospatial solutions can provide increased mine productivity through the aggregation, analysis and presentation of information that enables better decision making for mining customers.
"Productivity applications in functional areas such as drill and blast, haulage and materials processing have improved operational efficiencies, but the value of this data has not been fully realized since it is not readily collected and integrated for a complete, site-wide view. MIS offers an enterprise-level system that unlocks data and metrics from across functional areas for a complete view of mine productivity and profitability for decision makers across planning, operations and finance," said Nathan Pugh, business area director of Trimble's Mining Division. "Trimble offers high levels of accuracy in geospatial solutions today and with the enterprise-level mine information platform, we can increase the use and value of geospatial data and other data sources for our customers."
"We share Trimble's vision that mines can be more productive, more profitable and safer with improved reporting and use of geospatial technology, productivity, product quality, risk and cost information at the enterprise level," said David Prance, managing director of MIS. "Trimble's leadership and expertise in geospatial technologies will be integral to productivity and inventory control applications in the resources sector."
The MIS solution suite is modular with systems for mine production, processing operations, human resource management and a Web-based portal for access and administration. The systems are flexible, scalable and are not restricted by mining methods, commodities, time zones, language, currencies, units of measure, existing software, hardware and network infrastructure. MIS systems are widely used across geographies and commodities in some of the world's largest mines.
About Mining Information Systems
Mining Information Systems (MIS) specializes in the development, implementation and management of information and reporting systems for the resources sector. For more than 15 years, MIS has been designing and implementing software systems globally, using IT technologies and achieving significant results in a timely and cost-effective way.
MIS has developed information systems and applications for mine production reporting and production accounting, ore tracking and stockpile management, safety and workforce reporting, and geological and mineral resource data management. For more information, visit: www.miningis.com.au.
About Trimble's Mining Solutions
Trimble offers a broad portfolio of solutions for the mining industry including, mine information systems, infrastructure for the mine site for high-accuracy positioning, positioning solutions for drilling, ore control and grade control as well as surface mine design software, rail and access route planning systems, and light truck fleet management solutions. Trimble's solutions can allow organizations to maximize production, increase profitability and improve safety in all phases and types of mining.
Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location—including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978, Trimble is headquartered in Sunnyvale, Calif.
This press release contains forward-looking statements regarding the business operations and prospects of Trimble, including the impact of the MIS acquisition on Trimble's ability to better serve its customers in the mining market. These forward-looking statements are subject to change, and actual results may materially differ due to certain risks and uncertainties. Factors that could cause or contribute to changes in such forward-looking statements include, but are not limited to (i) realizing the anticipated benefits of the acquisition, (ii) Trimble's ability to strengthen its portfolio serving its customers in mining through the acquisition, including its ability to quickly and effectively integrate the MIS products with its geospatial solutions, and (iii) the risks and uncertainties associated with unexpected expenditures or assumed liabilities that may be incurred as a result of the acquisitions. More information about potential factors which could affect Trimble's business and financial results is set forth in reports filed with the SEC, including Trimble's quarterly reports on Form 10-Q and its annual report on Form 10-K. All forward-looking statements are based on information available to Trimble as of the date hereof, and Trimble assumes no obligation to update such statements.
Media Contact: LeaAnn McNabb of Trimble: 408-481-7808