Trimble Acquires PocketMobile to Accelerate its Development in the Field-to-Office Mobility Market

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Oct 14, 2015, 06:30 ET

SUNNYVALE, Calif., Oct. 14, 2015 /PRNewswire/ -- Trimble (NASDAQ:TRMB) announced today that it has acquired privately held PocketMobile headquartered in Stockholm, Sweden. PocketMobile is a leading European provider of enterprise mobile workforce solutions for international customers in the areas of postal service and logistics, security, and field service. The acquisition accelerates Trimble's development in the high-growth field-to-office mobility market. Financial terms were not disclosed.

PocketMobile's PreCom platform is a scalable, enterprise mobility platform for companies with a large mobile work force. These customers often have complex and business critical processes, with information-heavy and time critical requirements, and multiple backend systems. The PreCom platform provides functionality templates and tools that enable system integrators or the customer to efficiently build, configure and maintain mobile solutions, tailored to their unique workflows. PreCom seamlessly connects the field-to-office and simplifies work processes. The PreCom platform provides a scalable and flexible single system, which supports multiple mobile workforce users, devices and workflows. PocketMobile's partner network includes more than 150 certified developers and system integrators with a PreCom Center of Excellence. The PreCom platform is used in more than 25 countries.

The market outlook for platform-based mobile workforce solutions is growing rapidly as technology shifts to smart phones, new mobile operating systems and the requirement to quickly introduce new services.

"Field-to-office mobility has become one of the most strategically important components of an organization's operational structure with a mobile workforce," said John Cameron, general manager of Trimble's Field Service Management Division. "Trimble's focus is to transform the workplace of the future by providing mobility tools to businesses to drive agility, efficiency and insight across the organizations' operations. PocketMobile's strong position and proven expertise in mobile enterprise solutions can further expand our reach into new verticals and accelerate our development in the field-to-office mobility market."

"We are very excited to join Trimble. We share Trimble's vision of leveraging mobile technologies to solve our customer's challenges across a number of industries," said Anders Tormod, general manager of PocketMobile. "In addition to the continued focus on customer support and our core markets, the acquisition will enable us to expand PocketMobile's reach with Trimble's global footprint. This is truly an exciting time for PocketMobile and our customers, who can also benefit from Trimble's comprehensive portfolio of solutions."

PocketMobile will be reported as part of Trimble's Mobile Solutions segment.

About PocketMobile

PocketMobile is a leading European provider of mobility solutions for enterprises with a large mobile workforce. Every day more than 100 000 users in 25 countries are relying on PreCom for their business critical field processes. Founded in 2000, PocketMobile is headquartered in Stockholm, Sweden with offices in Gothenburg, Copenhagen and Sri Lanka. PocketMobile's products and platforms are used at reputable companies such as Royal Mail, DHL, G4S, Securitas, DB Schenker, Norwegian Post, ABB, Volvo Group, and others.

For more information, visit: www.pocketmobile.eu.

About Trimble

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.

For more information, visit: www.trimble.com.

Certain statements made in this press release are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, and actual events and results may differ materially from those described in this news release. Factors that could cause or contribute to such differences include, but are not limited to, market demand and growth prospects for mobile workforce solutions, especially given changing technology shifts and macroeconomic conditions, and Trimble's ability to successfully expand its reach into new verticals and accelerate its development in the field-to-office mobility market through the acquisition of PocketMobile. Additional risks and uncertainties include: the risks inherent in integrating an acquisition; unanticipated expenditures, charges or assumed liabilities that may result from the acquisition; and retaining key personnel and commercial relationships. 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.

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SOURCE Trimble