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Article: CREEC and Trimble Sign Agreement to Form Joint Venture for the Chinese Railway Industry.

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PR Newswire
Article date:
November 9, 2009
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SUNNYVALE, Calif. and CHENGDU, China, Nov. 9 /PRNewswire-FirstCall/ -- Trimble and the China Railway Eryuan Engineering Group Co. Ltd. (CREEC) announced today that they have signed a definitive agreement to form a joint venture in China.

The joint venture, 50 percent owned by Trimble and 50 percent 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 ...

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