Trimble has announced that it has acquired privately held Quantm International, Inc. and its subsidiary, Quantm Ltd. of Australia in an all-cash transaction. Quantm is a leader in transportation route optimization software used for planning highways, railways, pipelines and canals. The innovative software system enables infrastructure planners to examine and select route corridors and alignments that simultaneously optimize construction costs, environmental restrictions, existing feature avoidance and legislative obligations. The improved solution for the proposed route results in significant reductions in project planning time and cost. Financial terms of the transaction were not disclosed.
Trimble’s Connected Construction Site strategy seeks to improve efficiency through a tighter integration of construction process information. Transportation route alignments generated by Quantm’s software add another piece to the strategy by forming a closer link between the planning and design phases of a transportation project. Infrastructure owners, such as Departments or Ministries of Transportation, and the construction companies that support them can all benefit from Quantm’s capabilities.
"Quantm is an industry leader for optimizing transportation route planning. The Quantm acquisition positions us to provide our customers with productivity enhancing products that cover more phases of a construction project than any other supplier,” Bryn Fosburgh, vice president responsible for Trimble’s Engineering and Construction segment says. “Quantm has successfully built a strong worldwide market position and has demonstrated profitable revenue growth."
“We are pleased to join Trimble,” Alan Griffiths, founder of Quantm says “The acquisition is an ideal fit. Now more customers around the world will have access to the advantages provided by Quantm’s unique planning software.”
Quantm will be reported within Trimble’s engineering and construction business segment.