Trimble Navigation Ltd.
), an original equipment manufacturer (OEM) of positioning,
surveying and machine control products, has completed the
acquisition of Actronic Holdings Limited, a weighing solution
company for an undisclosed sum.
New Zealand-based Actronic Holdings is a privately-held
company that started its journey in 1979. It provides weighing
technology and payload information systems for construction,
aggregates, mining and waste markets. It offers the Loadrite
software, which provides equipment operators, site foremen and
project managers with accurate payload weights measurement, thus
ensuring maximum utilization of the machines and improving
The acquisition will enhance Trimble's Connected Site product
portfolio by providing information about the weight of the
product. The enhancement to its offering will help contractors to
gather real time information on assets and site productivity,
which will improve operational efficiency and maximize
Trimble has an aggressive merger and acquisition strategy. In
2012 itself, Trimble completed half a dozen acquisitions serving
various business models. Earlier this year, Trimble acquired a
3-D modeling software platform from Internet search giant
). The company's acquisitions have helped it to build a desired
portfolio, enhance its product line, boost its top line and
position itself in markets with better growth prospects.
In the first quarter of fiscal 2013, Trimble earned revenues
of $556.1 million. Revenues were up 7.9% sequentially and 10.7%
year over year, missing the guided range of $575-$580 million in
the quarter. Strengthening in the U.S. commercial and residential
construction markets helped Trimble's business in the last
quarter. Trimble has also made a number of acquisitions in the
recent months, which are helping it to build a strong product
portfolio and position itself in markets with better growth
Currently, Trimble has a Zacks Rank #4 (Sell). Other stocks
that are worth considering include
ON Semiconductor Corp.
), both carrying a Zacks Rank #2 (Buy).
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