Trimble and Caterpillar Sign Definitive Agreement to Form Joint Venture for Machine Control Technologies

3/15/2002 - Trimble (Nasdaq: TRMB) and Caterpillar Inc. (NYSE: CAT) today announced that they have reached a definitive agreement to form Caterpillar Trimble Control Technologies LLC. The joint venture, 50 percent owned by Trimble and 50 percent owned by Caterpillar, will develop the next generation of advanced electronic guidance and control products for earthmoving machines in the construction, mining and waste industries. Caterpillar and Trimble have successfully worked together for the past six years on a variety of machine control technology initiatives.

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