), an original equipment manufacturer of positioning, surveying and
machine control products, recently acquired the assets of
privately-held MAYBIM. The financial terms of the deal were not
Based in Provo, UT, MAYBIM is a virtual design and construction
technology company that provides 3D Building Information Modeling
(BIM) services to mechanical, electrical and plumbing (MEP)
contractors across the U.S.
MAYBIM's expertise in 3D BIM services along with Trimble's own
BIM services team will help MEP contractors to better monitor the
physical and functional characteristics of places. The clients will
have a better idea of factors like cost management, construction
management, project management and facility operation.
Upon the completion of the deal, the MAYBIM business will be
reported under Trimble's Engineering and Construction (E&C)
segment. The acquisition will enable Trimble to provide improved 3D
BIM services and better deal with the increasing complexity of the
Trimble has an aggressive merger and acquisition strategy. In
2013, Trimble completed more than half a dozen acquisitions serving
various business models. Last month, Trimble acquired WeoGeo, a
leading company that offers technology to transform high quality
precision data into actionable intelligence. In Dec 2013, Trimble
acquired the assets of an agricultural software firm C3, which
promotes sustainable farming methods by combining crop information
with detailed soil data, enabling better yield, quality and
productivity of the crop.
The company's acquisitions have helped it to enhance its product
line and boost its top line.
In the first quarter of fiscal 2014, Trimble earned revenues of
$604.7 million. Revenues were up 0.9% sequentially and 8.7% year
over year, driven by strong performance in the Field Solutions and
Advanced Devices segments.
Other stocks that are performing well at current levels include
Universal Electronics Inc.
Applied Micro Circuits
). All these stocks sport a Zacks Ranks #1 (Strong Buy).
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