Trimble, an enterprise technology company has acquired Cityworks, a provider of enterprise asset management (EAM) software for utilities and local government. Cityworks software is designed to help governments stay on top of maintenance and replacements of aging utility, transportation, and public assets and infrastructure.
The Cityworks acquisition will expand Trimble’s strategy by adding an EAM software platform to its existing utilities and local government capabilities, which include mobile, IoT and infrastructure lifecycle solutions. The company said that the combined entity will be able to provide real-time asset intelligence, workflows and analytics.
Cityworks will become a part of Trimble’s Resources and Utilities Segment.
Current Cityworks customers will also gain access to Trimble’s enterprise software capabilities.
Cityworks services more than 700 local utilities and municipalities. In a statement, the companies said that Cityworks will be able to expand globally through the combined entity.
The transaction is expected to close in the fourth quarter of this year, terms of the deal were not disclosed.