Construction equipment supplier Caterpillar and technology specialist Trimble have revealed plans to develop a new range of fleet-management and site-productivity services.
In a statement, the companies – which have collaborated for more than 20 years – said the new agreement would bring “complete, technology-enabled construction jobsite solutions to the market”.
They plan to build on a collaboration dating back to 2008 that led to the introduction of fleet management and site productivity solutions through the VisionLink-branded suite of applications.
Caterpillar (Peoria, IL, USA) indicates that it wants to further develop these products, expand the range of productivity applications and services and bring a comprehensive unified fleet solution to the contractor.
The company already provides connectivity services to more than 250,000 machines globally through its Cat Connect portfolio of products and services – allowing customers to improve fuel consumption, maintenance, productivity and overall fleet availability – and it says the latest agreement with Trimble (Sunnyvale, CA, USA) will strengthen its distribution capability and improve collaboration with Trimble’s technology dealers.
“The agreements demonstrate both companies’ commitment to providing a brand-agnostic information solution to contractors with mixed equipment fleets,” said Bryn Fosburgh, vice president responsible for Trimble’s construction technology divisions.
“This unified fleet solution is enabled by VisionLink, which integrates a wide range of site and machine information elements to give customers a holistic view of their site. It’s a powerful tool that unlocks new levels of productivity and improves operation efficiency.”
Caterpillar is under pressure from investors to return to growth, having reported a sharp decline in revenues for the three months ending September – to $13.4 billion, from $16.4 billion in the same period of 2012 – that it blamed on a slowdown in the mining sector.
By contrast, Trimble flagged a 10% increase in revenues, to $556.5 million, over the same period, although it said the “worldwide economic environment is expected to remain challenging into 2014 and a constraint to robust growth”.