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RSSTrimble Acquires NTech Industries to Extend Its Precision Ag Solutions
SUNNYVALE, Calif., June 5 /PRNewswire-FirstCall/ — Trimble (Nasdaq: TRMB) announced today it has acquired privately-held NTech Industries based in Ukiah, Calif. NTech is a leading provider of crop-sensing technology that allows farmers to reduce costs and environmental impact by controlling the application of nitrogen, herbicide and other crop inputs. The acquisition further expands Trimble's ability to offer innovative field applications for farmers. Financial terms were not disclosed.
NTech products use optical sensing and variable rate application to apply only the inputs needed to maximize crop yield. The GreenSeeker(R) nitrogen application system determines the health of a plant in real time and delivers the optimum amount of nitrogen. The WeedSeeker(R) automatic spot-spray system senses the presence of living plants, allowing targeted and controlled herbicide application.
The systems are typically utilized with Global Positioning System (GPS) solutions and flow and application control products, both of which are supported by Trimble's precision agricultural portfolio of products.
"Trimble's focus is to provide complete agriculture solutions -- from machine guidance and automated steering to application control. The acquisition of NTech gives Trimble customers even more ways to save on fertilizer and herbicide costs while reducing their impact on the environment," said Erik Arvesen, vice president and general manager for Trimble's Agriculture Division. "By applying the right amount of inputs for optimum plant growth, farmers can manage for maximum efficiency and avoid over-applying fertilizer or herbicide."
"GreenSeeker and WeedSeeker solutions are breakthroughs for variable rate application. Our technology offers farmers innovative solutions to help control fertilizer and crop protection products, which ultimately drive costs," said Ted Mayfield, NTech's chief operating officer. "We are excited to join Trimble and believe that our combined technologies will provide farmers with enhanced solutions to more efficiently manage control applications in the field."
About NTech Industries
NTech Industries, founded in the early 90's and headquarter in Ukiah, Calif., is a leading provider of optical sensors for agriculture, research, precision fertilizer applications, and weed control for industrial and commercial uses. For more information, visit: www.ntechindustries.com
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 Trimble's Web site at: www.trimble.com
