Trimble | September 15, 2022
Trimble (NASDAQ: TRMB) announced today it has acquired privately-held B2W Software, a leading provider of estimating and operations solutions for the heavy civil construction industry. Financial terms were not disclosed.
With the passage of the Infrastructure Investment and Jobs Act (IIJA) and other infrastructure legislation across the globe, construction organizations are fast tracking the digitization of their processes and operations. As infrastructure projects become increasingly complex, data-driven insights and analytics will be imperative to improve productivity, increase efficiency and drive sustainability.
"Seamlessly connected workflows are key to unlocking the true potential of an organization's data, With the acquisition of B2W, Trimble will be able to provide an unparalleled end-to-end digital experience—connecting the digital to the physical—for heavy civil and infrastructure contractors."
-Elwyn McLachlan, vice president of Trimble's Civil Solutions Division.
The addition of B2W's comprehensive suite of pre-construction and operations capabilities will expand Trimble's already extensive civil infrastructure portfolio and Trimble Construction One, a purpose-built connected construction management platform. B2W's integrated suite of applications includes estimating, scheduling, field tracking, equipment maintenance, data capture and business intelligence. By combining these capabilities with Trimble's rich field data, project management, finance and human capital management solutions, civil contractors will be able to bridge the gap between office and field in new ways, promoting transparency, efficiency and ultimately profitability.
"B2W has helped thousands of heavy civil contractors increase their bid accuracy and operational efficiency, And now with Trimble, we can realize the next chapter of our story. By linking the planned with the executed, we will provide civil contractors with a truly connected construction experience, unlocking valuable new insights for our customers across their entire operation."
-Paul McKeon, founder and CEOB2W.
B2W will be reported as part of the Buildings and Infrastructure segment.
Perkins Coie LLP acted as legal advisor to Trimble. Piper Sandler & Co. acted as a financial advisor and Foley Hoag LLP acted as legal advisor to B2W Software.
Headquartered in Portsmouth, New Hampshire and founded in 1993, B2W (formerly known as Bid2Win) provides specialized software for heavy civil construction management. Companies throughout North America and several other countries use B2W Software to bid on large-scale infrastructure and commercial projects, plan and manage operations, maintain large fleets of equipment and leverage business intelligence.
Trimble is an industrial technology company transforming the way the world works by delivering solutions that enable our customers to thrive. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial and transportation.
MECHANICAL AND MOTION SYSTEMS
Caterpillar | November 23, 2022
Caterpillar Inc. (NYSE: CAT) announced today a successful demonstration of its first battery electric 793 large mining truck and a significant investment to transform its Arizona-based proving ground into a sustainable testing and validation hub of the future.
Caterpillar completed development of its first battery electric 793 prototype with support from key mining customers participating in Caterpillar's Early Learner program. Participants of the program with definitive electrification agreements include BHP, Freeport-McMoRan, Newmont Corporation, Rio Tinto and Teck Resources Limited.
"Our global team came together to develop this battery truck at an accelerated pace to help our customers meet their sustainability commitments, This demonstration is a significant milestone, and we are excited for these trucks to get to work at customers' sites around the world in the near future. The transformation of the Tucson Proving Ground allows Caterpillar to demonstrate our energy transition commitments and serve as a stronger advisor to customers as we navigate the changes together. We know it will take an integrated, site-level solution for miners to achieve their carbon-reduction goals, and we're here to help as they redefine the way they mine for generations to come."
-Denise Johnson Group President Resource Industries.
The Early Learner program launched in 2021 and focuses on accelerating the development and validation of Caterpillar's battery electric trucks at participating customers' sites. This approach supports the individual commitments each Early Learner participant has made to reduce and eliminate greenhouse gas emissions from their operations. A primary objective of the program is for Caterpillar to collaborate more closely with its customers as the industry undergoes transformational change through the energy transition.
Early Learner customers came together to witness a live demonstration of Caterpillar's prototype battery truck on a seven-kilometer (4.3-mile) course. During the event, Caterpillar monitored over 1,100 data channels, gathering 110,000 data points per second, to validate simulation and engineering modeling capabilities. Fully loaded to its rated capacity, the truck achieved a top speed of 60 km/h (37.3 mph). The loaded truck traveled one kilometer (0.62 mile) up a 10% grade at 12 km/h (7.5 mph). The truck also performed a one kilometer (0.62 mile) run on a 10% downhill grade, capturing the energy that would normally be lost to heat and regenerating that energy to the battery. Upon completing the entire run, the truck maintained enough battery energy to perform additional complete cycles.
Mine Site of the Future
The prototype truck was built at Caterpillar's Tucson Proving Ground, located in Green Valley, Arizona. In support of the energy transition, Caterpillar is investing to transform the proving ground into a working, sustainable "mine site of the future" by installing and utilizing a variety of renewable energy sources. The objective is to implement the same sustainable solutions mining companies will use at their own operations to learn firsthand what it takes to run an electrified mine site and effectively support customers through the changes.
As part of the site transformation, the company will install the latest advancements in sustainability technology, including green hydrogen production, natural gas and 100% hydrogen reciprocating engine power generation, fuel cell power generation and expanded energy storage systems. The site will also leverage a variety of renewable power sources, including wind, solar and hydrogen, capable of powering the facility and its products as they become electrified. The transformation of the facility will also serve as a learning platform for optimizing charging and energy management integration.
With 2021 sales and revenues of $51.0 billion, Caterpillar Inc. is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we've been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment.
ENGINEERING TECH, CONSTRUCTION
Procore | October 13, 2022
Procore Technologies, Inc., (NYSE: PCOR), a leading global provider of construction management software, today announced its partnership with Willow, a leading provider of digital twin solutions for smart infrastructure and real estate. This partnership will allow real estate and infrastructure owners to streamline the transition of digital deliverables from the construction phase to the handover and operations phases in a more structured and efficient manner. The integrated solution solves a key industry challenge by allowing owners to deliver reliable project data in a format that can be easily used by the operations team.
Through this integration, asset owners can trace and navigate a complete historical record of construction data from their supply chain that is leveraged throughout the asset's life cycle. This “digital thread” of information can be used to drive a variety of benefits, from vendor performance assessment to informing portfolio performance management, maintenance, and future construction planning. The integration will allow owners to deploy digital twin smart asset management solutions with greater speed.
Willow’s digital twin software, WillowTwin™ assembles and structures data across static, spatial and live data sources, into a virtual replica of the built form. Through the twin, users can drive operational efficiency and cost reductions, improve their sustainability management, and improve IoT/Operational Technology security across their facilities.
“We believe digital twins will transform the built environment, Through this partnership and integration, digital twins and smart asset solutions can be deployed faster and more seamlessly, which in turn can drive smarter maintenance and capital planning.”
-Joshua Ridley, CEO and Co-Founder of Willow.
By integrating directly with Procore at the start of a construction project, delivery teams can save a significant amount of integration time that is usually spent on asset data checks at the end of construction. Additionally, assets that leverage this approach can have complete digital information that is compliant with data handover standards on day one of operations, rather than spending time finding or recreating information from architecture, engineering or contractor teams.
“Digital twins are now widely accepted and are being implemented on many major portfolios and infrastructure networks, By integrating Procore and Willow, owners can now sync critical data collected during construction execution with any digital twin. This is a great step toward creating a more connected supply chain and solves the issue of siloed data in the delivery of assets.”
-Tiffany LaBruno, product director, owners at Procore.
Procore is a leading global provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. Our platform connects every project stakeholder to solutions we've built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore's App Marketplace has a multitude of partner solutions that integrate seamlessly with our platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices around the globe.
Willow is the “digital twin” for the built world. Through its software, Willow creates a digital replica of a built asset, that collects and aggregates data into a “twin”. Through this approach, Willow enables the owners and operators of major portfolios and infrastructure to make smarter, more proactive, and data-led decisions. By providing data-driven insights, Willow empowers users to manage with greater efficiency, drive operational improvements at scale and provide their occupants with an enhanced and more connected experience. Willow’s customer base includes some of the world’s largest and most influential owners of real estate and critical infrastructure including Brookfield Properties, as well as several Fortune 500 companies including Microsoft. The company also boasts several iconic campus and stadium precincts including the newly completed SoFi Stadium and Hollywood Park in Los Angeles. Willow is a global technology company with offices in Sydney, Melbourne, Perth, Toronto, Seattle, New York, Dallas, London, Amersfoort and Manila.