Caterpillar and Trimble to restructure VirtualSite Solutions joint venture
Changes will allow each company to accelerate its individual strategic development
Over the next several months, Caterpillar will assume control of VSS and integrate its line of products, including VisionLink, into a broader digital portfolio and future fleet management services.
Since 2008, VSS has served the dual mission of providing factory integrated condition monitoring distributed by Caterpillar along with the development of mixed-fleet, machine agnostic aftermarket connectivity solutions distributed by Trimble.
"The VSS restructuring will allow each company to pursue strategies that will deliver the greatest return for customers," said Bryn Fosburgh, Senior Vice President of Trimble. "Trimble will independently focus on providing our customers with telematics solutions tied to geospatial-based services that improve the productivity of machines and non-machine assets on the site, regardless of manufacturer, as part of Trimble's Connected Construction strategy."
Caterpillar and Trimble remain committed to other joint projects that are not affected by this restructuring, which include Caterpillar Trimble Control Technologies (CTCT) and the SITECH distribution channel.