Trimble to acquire TMW Systems for $335m
Trimble, the global technology provider, announced that it has entered into a definitive agreement to acquire privately-held TMW Systems, a provider of enterprise software to transport and logistics companies, for $335m in an all-cash purchase.
TMW’s transportation software platform serves as a central hub from which the core operations of transport organizations are managed, data is stored and analyzed, and business processes are automated. The company’s software capability spans the entire surface transportation lifecycle.
TMW’s enterprise software currently integrates with Trimble’s transport and logistics solutions on many fleets and when combined will jointly serve more than 3,000 fleets around the world. TMW Systems is based in Beachwood, Ohio (US) and has 500 employees. It will be reported within Trimble’s Mobile Solutions segment.
“Trimble’s global presence will provide a strong channel for extending TMW’s reach and scope, beyond its leading position in North America,” said David Wangler TMW’s president and chief executive officer. “Together, our complementary technologies can deliver exceptional return on information that improves our customers’ operational efficiencies and allows them to deliver superior customer service. We look forward to becoming a part of Trimble and providing our customers a comprehensive and integrated end-to-end solution for transportation management.”