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TRIMBLE ACQUIRES RAINWAVE AND HYDRO-ENGINEERING Sep. 3, 2013 Source: Trimble news release Trimble (NASDAQ: TRMB) announced it has acquired the assets of privately-held RainWave, LLC and Hydro-Engineering Solutions, LLC of Auburn, Ala. The acquisitions will help to extend the monitoring and reporting capabilities of Trimble's Connected Farmâ„¢ solution and strengthen its water management expertise. Financial terms were not disclosed. RainWave provides precipitation monitoring services for agribusiness, construction and engineering, government and consumer industries. RainWave will be part of the Connected Farm solution, which simplifies and integrates operations management by providing information exchange across the entire farm. This RainWave service will provide farmers across the U.S. with vital rainfall data they can use to better manage their crop production. Using RainWave, farmers can set up a virtual rain gauge by entering GPS coordinates for identified locations to receive a rainfall report for those locations. Since on-site rain gauges are not needed, farmers no longer need to monitor dispersed gauges or manually track precipitation. The farmer will now be able to obtain this rainfall information through their Connected Farm dashboard. RainWave's convenient, accurate rainfall information allows farmers to make better management decisions by optimizing irrigation plans and application timing, and comparing yield against rainfall to plan for next season's crop. This results in savings of time and water usage. Hydro-Engineering Solutions is a civil engineering company that specializes in hydrology and hydraulics. The company provides high-quality engineering services to federal, state and local governments as well as commercial entities, and has extensive experience with streams and rivers. Hydro-Engineering's expertise in hydrology and hydraulics modeling is expected to strengthen Trimble's water management solution in watershed analysis for both drainage and irrigation. "Acquiring RainWave's assets further strengthens the Connected Farm solution by adding a critical rainfall monitoring and reporting tool that's easily accessible through the Connected Farm dashboard, in addition to the current rainfall email alerts," said Joe Denniston, vice president of Trimble's Agriculture Division. "Farmers will be able to view their fleet, field and rainfall data all in one convenient location, enabling them to make informed decisions based on the latest data. In addition, with Hydro-Engineering we can now provide stronger watershed analysis to help farmers create better water management plans for their fields." "Trimble's acquisition of RainWave and Hydro-Engineering is ideal because it brings a cutting-edge technology to an established customer base that's in need of vital data," said John Curry, founder and chief technology officer for RainWave, and president of Hydro-Engineering Solutions. "Our hydrology and hydraulics expertise will deepen Trimble's water management skillset, while our rainfall technology provides Trimble's customers with a monitoring solution that can increase efficiency, convenience and productivity." Tweet |
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