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.
By Modern Materials Handling Staff
August 29, 2012 - MMH Editorial

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!

Recent Entries

While many industry analysts contend that distribution centers near U.S. East Coast ports will see a surge of new business after the Panama Canal expansion, real estate experts say this phenomena is already underway.

A new Government Accountability Office report on the effects of changes to truck driver hours of service rules has sparked a war of words between the American Trucking Associations and Federal Motor Carrier Safety Administration, the arm of the Transportation Department that is in charge of making those rules.

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement partners Canada and Mexico in May dropped 10.8 percent annually to $92.7 billion, following a 6.8 percent annual decline to $93.3 billion in April.

Carloads headed down 2.5 percent annually to 286,660, and intermodal containers and trailers remained on a growth path, up 2.3 percent to 270,952.

Rumors of transportation and logistics titan UPS acquiring Chicago-based transportation management services provider Coyote Logistics for $1.8 billion have become a reality, with UPS announcing today that the deal is now official.

Comments

Post a comment
Commenting is not available in this channel entry.