Trimble to acquire privately held TMW Systems
Trimble announced today that it has entered into a definitive agreement to acquire privately-held TMW Systems, a leading provider of enterprise software to transportation and logistics companies for $335 million.
Latest NewsQ4 2017 Rail/Intermodal Roundtable: Improvements apparent; work remains The State of the DC Voice Market Commtrex and Rockwood Steel study addresses operations gaps in freight railroad sector Behind the Koerber Group/HighJump acquisition Report: Amazon introduces new app for truck drivers More News
Latest ResourceMaximizing Your Sales Team’s Effectiveness Companies need to examine how to restructure their sales team to respond to different customers and subsequent buying behaviors and preferences.
Trimble announced today that it has entered into a definitive agreement to acquire privately-held TMW Systems, a leading provider of enterprise software to transportation and logistics (T&L) companies for $335 million.
TMW’s transportation software platform serves as a central hub from which the core operations of transportation organizations are managed, data is stored and analyzed, and mission critical business processes are automated. The company’s software capability spans the entire surface transportation lifecycle, delivering visibility, control and decision support for the intricate relationships and complex processes involved in the movement of freight. TMW’s enterprise software currently integrates with Trimble’s T&L solutions on many fleets and when combined will jointly serve more than 3,000 fleets around the world. TMW Systems is based in Beachwood, Ohio, and has 500 employees. It will be reported within Trimble’s Mobile Solutions segment.
“Trimble’s global presence will provide a strong channel for extending TMW’s reach and scope, beyond its leading position in North America,” said David Wangler TMW’s president and chief executive officer. “Together, our complementary technologies can deliver exceptional return on information that improves our customers’ operational efficiencies and allows them to deliver superior customer service. We look forward to becoming a part of Trimble and providing our customers a comprehensive and integrated end-to-end solution for transportation management.”
“This highly synergistic combination provides the potential for creating uniquely innovative solutions for the customer. In addition to a shared market vision focused on customer value, TMW brings a history of robust double digit growth, invention and strong financial performance,” said Ron Konezny, general manager of Trimble’s T&L Division. “With more fleets deploying information-based solutions to improve business performance, the tight integration enabled by this transaction can offer a more comprehensive and seamless solution, enabling a continuous flow of information between customer, shipper, carrier and driver.”
Subscribe to Logistics Management Magazine!Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!
34th Annual Quest for Quality Awards: 2017 Awards Dinner Trucking Regulations: Washington U-Turns; States put hammer down View More From this Issue