New Forests to Manage its Asian-Based AFI Investment with Trimble's Connected Forest Solution

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Mar 22, 2017, 06:30 ET

SUNNYVALE, Calif., March 22, 2017 /PRNewswire/ -- Trimble (NASDAQ: TRMB) announced today that New Forests, a Sydney-based sustainable real assets investment specialist, will implement Trimble's Land Resource Manager (LRM) solution to manage its Acacia Forest Industries Sdn Bhd (AFI) investment information.

Trimble's LRM solution is an intuitive, interactive and spatially-aware enterprise application for managing land and forestry operations. The software solution serves the critical functions of asset planning, management and decision support with flexible customer-specific business workflows. LRM is a key component of Trimble's Connected Forest solution, which manages the full raw materials lifecycle.

"Trimble's Connected Forest solution lays the foundation for a centralized reporting and compliance process," said Ken Moen, general manager of Trimble's Forestry Division. "We are committed to delivering a solution that addresses New Forests' land, forest and conservation business and investment strategies."

"Our growing Asian investment business demands a robust forest information management system to enable effective asset management," said James Bullen, director, Investments & Operations for New Forests. "As our portfolio companies adopt the Trimble Connected Forest solution, we believe it will support efforts to enhance forest value and enterprise value through strategic management of the forest resources of our investments."

About New Forests

New Forests is a sustainable real assets investment manager offering leading-edge strategies in forestry, timber processing, land management and conservation. Founded in 2005, the company's investment programs focus on the Asia-Pacific region and the U.S., with more than AUD 3.7 billion in funds, assets under management and committed capital. New Forests' clients include pension funds, superannuation funds and other institutional investors. The company is headquartered in Sydney, Australia with offices in Singapore, San Francisco and New Zealand.

For more information, visit: www.newforests.com.au.

About Trimble's Forestry Division

Trimble's Forestry Division offers land, forest and fiber management solutions that improve the productivity and operations for some of the world's most recognized integrated forest product companies, forest land owners, timberland investment, conservation, state and federal departments as well as international food processing companies involved in environmental, social and economic land management. The Connected Forest solutions manage the full raw materials lifecycle of planning, planting, growing, harvesting and transport.

For more information, visit: www.trimble.com/forestry.

About Trimble

Trimble is transforming the way the world works by delivering products and services that connect the physical and digital worlds. Core technologies in positioning, modeling, connectivity and data analytics enable customers to improve productivity, quality, safety and sustainability. From purpose built products to enterprise lifecycle solutions, Trimble software, hardware and services are transforming a broad range of industries such as agriculture, construction, geospatial and transportation and logistics. For more information about Trimble (NASDAQ:TRMB), visit: www.trimble.com.

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