Trimble Acquires TMW systems for $335 million
In an agreement announced today, it has been revealed that GPS giant Trimble will pay $335 million to acquire privately held TMW systems, a software provider specialising in enterprise software to transportation and logistics companies.
TMW, the designers of transport software platforms for freight, create programmes which manage the core operations of transport firms. With the ability to store and analyse data, plus automate mission critical business procedures, the TMW’s software ability spans the entire surface transportation lifecycle, delivering visibility, control and decision support.
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Trimble applies technology to make field and mobile workers more productive. Solutions are focused on applications requiring positioning or location information such as surveying, agriculture, plus fleet and asset management. Specialising in GPS, the company also uses lasers and optics for positioning.
Trimble and TMW currently operate together on a number of fleets, integrating Trimble’s transportation and positioning solutions with TMW’s enterprise software. The union of the two companies will see them jointly serve more than 3,000 fleets around the world.
"Trimble's global presence will provide a strong channel for extending TMW's reach and scope, beyond its leading position in North America," David Wangler TMW's president and CEO said."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.
