TRIMBLE TO ACQUIRE FRANCE-BASED BILBERRY
September 1, 2022
Trending News 🌥️Trimble($NASDAQ:TRMB) Inc has announced that it has agreed to acquire Bilberry, a France-based technology company specializing in selective spraying systems for sustainable farming. Under the terms of the deal, Trimble will pay an undisclosed sum for Bilberry. The addition of Bilberry’s AI technology and extensive worldwide weed database will extend Trimble’s crop protection portfolio by providing new and exciting selective spraying solutions for farmers worldwide. This acquisition is expected to provide a boost to Trimble’s earnings in the long term as it will allow the company to offer a wider range of products and services to its customers.
Price HistoryTRIMBLE INC. has announced that it has acquired France-based Bilberry. Bilberry is a provider of enterprise software solutions. The acquisition will allow Trimble to expand its enterprise software offerings and better serve its customers in Europe. Trimble stock opened at $64.9 on Tuesday and closed at $63.9.
VI AnalysisWhile a company’s fundamentals are a good indicator of its long-term potential, they can be difficult to assess. The VI app makes it easy to see how TRIMBLE INC. stacks up in terms of financial and business risks. Based on the VI Risk Rating, TRIMBLE INC. is a medium risk investment. However, there are potential risks in the business and financial areas that should be considered before investing.
SummaryThis move will help Trimble expand its offerings in the construction, energy, and utilities industries. Bilberry’s software will complement Trimble’s existing products and services, and the acquisition will give Trimble a stronger presence in Europe.
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