Load Systems International Acquired by Trimble

August 21, 2014 - Quebec-based Load Systems International reportedly has been acquired by Trimble. Financial terms of the agreement were not discussed.

With the acquisition of LSI, Trimble says will enhance its porfolio of technologies that improve safety, quality, and efficiency of construction and maintenance projects. LSI's load information management and crane collision avoidance technologies improve crane safety and accuracy.

“Crane safety is a major concern in any construction material handling project, with major impacts to safety, costs, liability, insurance and timely completion,” said Bryn Fosburgh, vice president responsible for Trimble’s Construction Technology Divisions. “The combination of LSI’s solutions with Trimble’s geospatial, location, analytics, modeling and visualization tools provides opportunities to integrate crane safety more closely into construction project planning and execution.” 

 

“Cranes represent substantial investments in any construction or maintenance project, with significant risk for owners and renters,” said David Smith, president and CEO of LSI. “Our focus has always been to deliver solutions that raise the technology bar and enhance site safety, while making it easier for customers to optimize the use and management of their cranes. We look forward to continuing that work at Trimble, while developing still more innovative products by leveraging Trimble’s advanced technologies and global reach.”