Platform Science To Acquire Trimble's Global Transportation Telematics Business Units

Platform Science has announced its acquisition of Trimble’s (TRMB) global transportation telematics business units. Under the agreement, Trimble will gain a shareholding position in the enlarged Platform Science enterprise.Following the transaction’s completion, Trimble will hold a 32.5 percent equity stake in Platform Science’s expanded global business and will secure a seat on its board of directors.This divestiture is anticipated to positively impact Trimble’s key financial metrics, including organic revenue growth rate, organic annual recurring revenue (ARR) growth rate, gross margin, and operating profit margin.The deal is expected to be finalized in the first half of 2025.The material has been provided by InstaForex Company – www.instaforex.com

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Platform Science To Acquire Trimble’s Global Transportation Telematics Business Units

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