Trimble buys German logistics software company for $2B
WESTMINSTER — Industrial technology company Trimble Inc. (Nasdaq: TRMB), which this year moved its headquarters from Silicon Valley to the Boulder Valley, will spend €1.88 billion, or nearly $2 billion, to absorb German transportation-logistics software company Transporeon in an all-cash deal.
“Transporeon’s software platform provides modular applications that power a global network for 145,000 carriers and 1,400 shippers and load recipients with an integrated suite of best-in-class sourcing, planning, execution, monitoring and settlement tools,” the company said this week. “Trimble will acquire Transporeon from Hg, a leading software and services investor and majority shareholder in the business.”
Software investor Hg Capital…
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