M&A Deal Summary

Trimble Acquires MidStates VRS

On September 14, 2020, Trimble acquired communications company MidStates VRS

Acquisition Highlights
  • This is Trimble’s 6th transaction in the Communications sector.
  • This is Trimble’s 54th transaction in the United States.
  • This is Trimble’s 1st transaction in North Dakota.

M&A Deal Summary
Date 2020-09-14
Target MidStates VRS
Sector Communications
Buyer(s) Trimble
Deal Type Add-on Acquisition

Target

MidStates VRS

Fargo, North Dakota, United States
website
MidStates VRS LLC is a provider of communications services farmland, oil fields and rapidly developing urban areas, providing farmers and surveyors in the region with the real-time GNSS correction services they need to improve their day-to-day work. MidStates VRS was founded in 2015 and is based in Fargo, North Dakota.

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Buyer(S) 1

Buyer

Trimble

Sunnyvale, California, United States

website

Category Company
Founded 1978
Sector Information Technology
Employees11,402
Revenue 3.7B USD (2022)
DESCRIPTION
Entrance to Trimble Navigation's corporate headquarters in Sunnyvale, California.
Entrance to Trimble Navigation's corporate headquarters in Sunnyvale, California.

Trimble is a provider of location-based solutions. The Company integrates its positioning expertise in GPS, laser, optical and inertial technologies with application software, wireless communications, and services to provide an array of commercial solutions. Trimble's technology serves a variety of industries including agriculture, engineering and construction, transportation and wireless communications infrastructure. Trimble was founded in 1978 and is based in Sunnyvale, California.

DEAL STATS #
Overall 100 of 105
Sector (Communications) 6 of 6
Type (Add-on Acquisition) 88 of 92
State (North Dakota) 1 of 1
Country (United States) 54 of 57
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-18 Trimble - REF TEK Business

Sunnyvale, California, United States

Trimble - REF TEK Business provides seismic recorders, seismometers, accelerometers, and software for seismic and earthquake engineering systems to government, scientific research and structural monitoring organizations. The systems are used for scientific study, earthquake hazard mitigation, seismic warning assessment, earthquake structural response as well as oil and gas operations monitoring.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-05 Trimble Navigation - Construction Logistics Business

Sunnyvale, California, United States

Trimble's Construction Logistics Business provides ready-mix and aggregates delivery managers with tools to track, schedule, route, and communicate across the fleet for efficient delivery of products. Fleets benefit from automated real-time vehicle location and status, turn-by-turn navigation, monitoring, and diagnostics as well as business analytics and reporting.

Sell -
Mergr

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