| Trimble and the China Railway Eryuan Engineering Group announced that they have signed a definitive agreement to form a joint venture in China. The joint venture, 50% owned by Trimble and 50% owned by CREEC, will leverage Trimble's commercial positioning, communications and software technologies and CREEC's expertise in rail design and construction to develop and provide digital railway solutions that address the design, construction and maintenance for the Chinese railway industry. The joint venture will be based in Chengdu, China and is expected to begin operations after regulatory approval from the Chinese government. :theflyonthewall.com |
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