Caterpillar and Trimble form new joint venture

Caterpillar and Trimble have formed a new joint venture company and entered into a new distribution agreement. The new company, VirtualSite Solutions, will integrate product design and software development to enable customers to efficiently and safely manage their equipment fleets, reduce operating costs and improve productivity in the area of fuel consumption, maintenance, worksite productivity and fleet logistics.

The joint venture will be located in Westminster, Colorado, with an office in Peoria, Illinois. The joint venture will initially focus on road construction, paving, heavy construction and quarry/aggregates worksites applications.

A new distribution channel will be established to bring these technologies to customers and other users. The new dealer distribution channel will be branded SITECH, and will be managed primarily by Trimble.