Trimble Navigation Ltd. (TRMB) stated that it signed a definitive agreement with the China Railway Eryuan Engineering Group Co. Ltd. or CREEC to form a joint venture in China. The joint venture will be based in Chengdu, China and is expected to begin operations after regulatory approval from the Chinese government, the company said.
The company noted that 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.
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December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.