Trimble, a producer of GPS technology, has acquired privately held Quantm International and its subsidiary Quantm Ltd. in a cash transaction. Quantm specializes in transportation rout optimization software used for planning highways, railways, pipelines and canals.
“The Quantm acquisition positions us to provide our customers with productivity enhancing products that cover more phases of a construction project than any other supplier,” said Bryn Fosburgh, vice president of Trimble’s Engineering and Construction segment. “Quantm has successfully built a strong worldwide market position and has demonstrated profitable revenue growth.”
Quantm will be reported within Trimble’s Engineering and Construction business segment.