Trimble (NASDAQ: TRMB) and Platform Science have announced an agreement for Platform Science to acquire Trimble’s global transportation telematics business units.
As part of the agreement announced Sunday, Trimble will become a shareholder in Platform Science’s expanded business and hold a 32.5% stake. The transaction is expected to close in the first half of 2025.
In a press release, the companies said the deal aims to improve driver experience, fleet safety, efficiency and compliance. Customers...