Press release published on April 3, 2023 by Trimble
WESTMINSTER, Colo., April 3, 2023—Trimble (NASDAQ: TRMB) announced today that it has completed its previously announced acquisition of Transporeon. As a leading cloud-based transportation management platform, Transporeon provides modular applications that power a global network for more than 150,000 carriers and 1,400 shippers and retailers with an integrated suite of best-in-class sourcing, planning, execution, monitoring and settlement tools.
Trimble funded the transaction using a combination of financings it has previously announced including senior notes, a term loan, existing credit facilities and cash on hand.
Transporeon will be reported as part of Trimble's Transportation Segment.