M&A Deal Summary

Trimble Acquires PeopleNet Communications

On August 5, 2011, Trimble acquired communications company PeopleNet Communications from Norwest Equity Partners

Acquisition Highlights
  • This is Trimble’s 5th transaction in the Communications sector.
  • This is Trimble’s 26th transaction in the United States.
  • This is Trimble’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2011-08-05
Target PeopleNet Communications
Sector Communications
Buyer(s) Trimble
Sellers(s) Norwest Equity Partners
Deal Type Add-on Acquisition

Target

PeopleNet Communications

Minnetonka, Minnesota, United States
website
PeopleNet Communications Corp.,a mobile communications and onboard computing provider in the business. Serving the unique and specific needs of fleets coast-to-coast and throughout Canada, PeopleNet is known for the customer-driven innovation, unparalleled flexibility, leading edge technology and proactive customer care that gives fleets a real business edge.

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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 48 of 105
Sector (Communications) 5 of 6
Type (Add-on Acquisition) 40 of 92
State (Minnesota) 1 of 1
Country (United States) 26 of 57
Year (2011) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-17 MyTopo

Billings, Montana, United States

MyTopo, Inc., provides navigation-ready mapping services, data, and software for professional and recreational use. MyTopo offers several products to outdoor consumers using its topographic, satellite and aerial photograph map imagery. Products include print-on-demand custom waterproof maps, Internet-based map layers, digital map tiles for mobile devices and Terrain Navigator, a suite of mapping software products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-22 AceCad-StruCad and StruEngineer Business

United Kingdom

StruCad is a complete 3D structural detailing system for steel detailers and fabricators. StruCad provides an environment for rapid detailing automation, automatic fabrication shop drawings and computer numeric control (CNC) machinery production deliverables. StruEngineer is an engineering software enabling 3D steelwork modeling and construction management for engineering companies. Fully compatible with the StruCad steel detailing system, StruEngineer compresses the structural engineering layout and connection design in the conceptual phase to also support more rapid and accurate estimating.

Buy -

Seller(S) 1

SELLER

Norwest Equity Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1961
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Norwest Equity Partners (NEP) is a private equity firm focused on investing in growing and profitable middle-market companies. NEP targets investments in businesses valued between $50 and $500 million, typically investing $50 to $250 million of capital per investment. Funds are typically used to fund management buyouts, recapitalizations, and growth financing. Sectors of interest include manufacturing, distribution, healthcare, technology/business services, and consumer products/services. NEP is affiliated with Norwest Mezzanine Partners, an investment partnership focused on providing junior capital to middle-market companies. Norwest Equity Partners is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 17 of 50
Sector (Communications) 2 of 2
Type (Add-on Acquisition) 9 of 19
State (Minnesota) 4 of 11
Country (United States) 17 of 49
Year (2011) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 Momentum Group

Irvine, California, United States

Momentum Group distributes fabric to commercial furniture manufacturers as well as architectural and design firms that serve the office, hospitality, education and healthcare markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 The Waddington Group

Covington, Kentucky, United States

The Waddington Group is a manufacturer and marketer of premium disposable tableware for commercial, foodservice and retail markets. Headquartered in Covington, KY, the company operates seventeen manufacturing facilities across the U.S., Canada, the United Kingdom and Ireland.

Sell -
Mergr

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