Trimble (NASDAQ: TRMB), a Westminster, CO-based industrial technology company, closed the previously announced acquisition of Transporeon, an Ulm, Germany-based cloud-based transportation management platform.
The amount of the all-cash transaction was €1.88 billion.
Transporeon will be reported as part of Trimble’s Transportation Segment.
Transporeon provides a transportation management platform that connects actors along the supply chain. It offers collaboration between the different parties, helps to automate manual processes and provides real-time insights. The modular Application Hubs solve specific logistics challenges and range from freight sourcing over transport execution and dock and yard management to freight audit and payment. Data hubs provide insights into logistics operations, market developments and carbon emissions, next to ensuring transparency in the supply chain through visibility.
Transporeon maintains 18 offices around the globe with over 1,400 employees across 27 countries.
Trimble is an industrial technology company working to provide solutions. Its technologies deliver positioning, modeling, connectivity and data analytics that connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble serves industries such as agriculture, construction, geospatial, and transportation.
FinSMEs
03/04/2023