Trimble (TRMB) Divests Majority of Mining Information Systems to Herga Group

Trimble (NASDAQ: TRMB) announced today that the company has sold its majority ownership of Mining Information Systems (MIS) to Herga Group, headquartered in Brisbane, Australia. The Herga Group has been a Trimble dealer for more than 30 years representing the geospatial and construction portfolios in Australia and New Zealand. Financial terms were not disclosed.

MIS provides information systems for enterprise-wide monitoring and management of mining and ore processing operations. MIS systems collect and integrate data across functional areas and sources, regardless of data origin. This capability combined with Trimble's geospatial solutions can provide increased mine productivity through the aggregation, analysis and presentation of information that enables better decision making for mining customers.

The remaining minority stake in MIS will give Trimble the ability to leverage the software platform for construction customers and projects that need to aggregate data from multiple sources to gain insight and control of their operations.

"As part of our strategy to achieve the highest value for the company, we are continually evaluating our portfolio of businesses," said Bryn Fosburgh, senior vice president, Trimble. "While mining remains an attractive market for our geospatial solutions, the Herga Group is an ideal fit for the mining software business."

"Mining Information Systems is highly complementary to our business and supports the mission of our customers to improve productivity," said Adam Bright, managing director, Herga Group. "The enterprise software will be a key component of our mining strategy."

MIS has been reported as part of Trimble's Buildings and Infrastructure Segment. The majority sale will not have a material impact on segment or overall financial results.

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