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New Cat and Trimble jv.(Caterpillar Inc. and Trimble Navigation Ltd. join to develop earthmoving...

Building on six years of success working together, Caterpillar and Trimble announced in September their intention to form a new joint venture to develop and manufacture advanced electronic guidance and control products for earthmoving machines in the mining and construction industries, The companies are working towards a definitive agreement and the joint venture should begin operations in early 2002.

As part of the 50-50 joint venture, both will contribute existing electronic products that combine GPS, laser, wireless communications, computing and software technologies

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  • Caterpillar Inc. (Business Notes).
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