Trimble has entered into a definitive agreement to acquire privately-held TMW Systems Inc., a provider of enterprise software to transportation and logistics companies, for $335 million. TMW’s transportation software platform serves as a central hub from which the core operations of transportation organizations are managed, data is stored and analyzed, and mission critical business processes are automated. The company’s software capability spans the entire surface transportation lifecycle, delivering visibility, control and decision support for the processes involved in the movement of freight.
TMW’s enterprise software currently integrates with Trimble’s transportation and logistics solutions on many fleets and when combined will jointly serve more than 3,000 fleets around the world. TMW Systems is based in Beachwood, Ohio, and has 500 employees. It will be reported within Trimble’s Mobile Solutions segment.
The all cash purchase price of $335 million will be financed through Trimble’s existing credit facility. TMW’s reported trailing twelve month revenue is approximately $96 million.
Trimble applies technology to make field and mobile workers in businesses and government more productive. Solutions are focused on applications requiring position or location: including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978, Trimble is headquartered in Sunnyvale, Calif.