Trimble sells transportation telematics business to Platform Science
WESTMINSTER — Industrial technology company Trimble Inc. (Nasdaq: TRMB) recently closed a sale of its global transportation telematics business unit to California fleet-management technology company Platform Science Inc.
As part of the deal, financial terms of which were not disclosed, Trimble becomes a shareholder in Platform Science’s expanded business and receives a seat on the company’s board of directors.
“Together with Trimble, we are dedicated to transforming the global transportation industry. This transaction marks a milestone in how we deliver unprecedented choice to fleets of all sizes,” Platform Science CEO Jack Kennedy said in a prepared statement. “Innovation drives everything we do. We are empowering the collective minds of developers to easily attack the massive inefficiencies that have plagued transportation across a critical mass of vehicles globally.”
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Trimble Inc. recently closed a sale of its global transportation telematics business unit to Platform Science Inc.
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