M&A Deal Summary

Trimble Acquires Flashtract

On May 8, 2024, Trimble acquired information technology company Flashtract

Acquisition Highlights
  • This is Trimble’s 15th transaction in the Information Technology sector.
  • This is Trimble’s 58th transaction in the United States.
  • This is Trimble’s 3rd transaction in Georgia.

M&A Deal Summary
Date 2024-05-08
Target Flashtract
Sector Information Technology
Buyer(s) Trimble
Deal Type Add-on Acquisition

Target

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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Buyer(S) 1

Buyer

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 106 of 106
Sector (Information Technology) 15 of 15
Type (Add-on Acquisition) 93 of 93
State (Georgia) 3 of 3
Country (United States) 58 of 58
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-09 Kuebix

Maynard, Massachusetts, United States

Kuebix provides a transportation management system (TMS) that powers North America's largest shipping community. Kuebix is transforming the transportation industry with a common TMS platform for shippers, carriers, and intermediaries that enables new levels of visibility and efficiency for the entire market. Kuebix was founded in 2008 and is based in Maynard, Massachusetts.

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