M&A Deal Summary

Platform Science Acquires Trimble - Global Transportation Telematics Business Units

On September 15, 2024, Platform Science acquired business services company Trimble - Global Transportation Telematics Business Units from Trimble

Acquisition Highlights
  • This is Platform Science’s 1st transaction in the Business Services sector.
  • This is Platform Science’s 1st transaction in the United States.
  • This is Platform Science’s 1st transaction in Colorado.

M&A Deal Summary

Date 2024-09-15
Target Trimble - Global Transportation Telematics Business Units
Sector Business Services
Buyer(s) Platform Science
Sellers(s) Trimble
Deal Type Divestiture

Target

Trimble - Global Transportation Telematics Business Units

Westminster, Colorado, United States
Trimble's Global Transportation Telematics Business Units provide transportation telematics services.

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Buyer(S) 1

Buyer

Platform Science

San Diego, California, United States

Category Company
Founded 2015
Sector Software
DESCRIPTION

Platform Science is a developer of a fleet management platform that has connected fleets across the nation with the tools they need to take control of their technology. With custom SDK and APIs, Platform Science enables partners and developers to share data, power new applications, and integrate third-party hardware and sensors, creating a real-time, comprehensive view of equipment all in one platform. Platform Science was founded in 2015 and is based in San Diego, California.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Colorado M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER

Trimble

Westminster, Colorado, United States

Category Company
Founded 1978
Sector Information Technology
Employees12,700
Revenue 3.8B USD (2023)
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 Westminster, Colorado.


DEAL STATS #
Overall 19 of 19
Sector: Business Services M&A 2 of 2
Type: Divestiture M&A Deals 19 of 19
State: Colorado M&A 1 of 1
Country: United States M&A 18 of 18
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-08 Flashtract

Atlanta, Georgia, United States

Flashtract delivers specialized technology to streamline the flow of payment and compliance information between construction general contractors and subcontractors. Its technology is used to manage payment applications, lien waivers, and other electronic compliance and billing documentation, eliminating back-and-forth communication and cumbersome document transfers. Flashtract is based in Atlanta, Georgia.

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