The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Register now!
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
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more