A few better-ranked stocks in the broader technology sector are PetMed Express, Inc. QuoteĬurrently, Trimble Navigation has a Zacks Rank #3 (Hold). Price and Consensus | Trimble Navigation Ltd. The deal will further expand the company’s revenues in this segment. In the last reported quarter, Buildings and Infrastructure revenues increased 13.0% year over year to $214.5 million.
Post acquisition, Stabiplan’s businesses will become part of Trimble's Buildings and Infrastructure Segment. These new solutions will help MEP contractors and engineers to avoid wastage of time and work with more constructible and actionable models. The deal will enhance Trimble’s capabilities in automated estimating, project management, modeling, detailing, layout and construction, allowing its clients to develop better technical installations. This acquisition, effective immediately, will enhance Trimble’s capabilities in serving its customers in the building and construction business.
This was largely backed by the company’s aggressive merger and acquisition strategy.Īcquisitions have helped Trimble in building a comprehensive portfolio, entering new markets and generating additional revenues.
