Trimble Navigation has acquired transportation and logistics software maker TMW Systems from Pamlico Capital for $335 million, the companies announced today.
The Beachwood, Ohio-based TMW Systems develops enterprise-level transportation management software that lets businesses manage operations from a central hub, analyze data, and automated important business processes. TMW’s enterprise software already integrates with Trimble’s software — when you combine the two, they serve more than 3,000 trucking fleets worldwide.
“Trimble’s global presence will provide a strong channel for extending TMW’s reach and scope, beyond its leading position in North America,” TMW CEO David Wangler said in a canned statement. “Together, our complementary technologies can deliver exceptional return on information that improves our customers’ operational efficiencies and allows them to deliver superior customer service.”
The $335 million deal was an all-cash purchase and it will be financed through Trimble’s existing credit facility. TMW’s trailing 12-month revenue is about $96 million.
White truck on asphalt photo via Shutterstock