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Command Alkon to Acquire Trimble's Construction Logistics Business
The acquisition will combine the best of Trimble construction logistics telematics solutions with
Trimble's construction logistics solutions provide ready-mix and aggregates delivery managers with tools to track, schedule, route and communicate across the fleet for efficient delivery of products. Fleets benefit from automated real-time vehicle location and status, turn-by-turn navigation, monitoring and diagnostics as well as business analytics and reporting.
"As we work on the execution of Trimble's Connect and Scale 2025 strategy, we are continually evaluating our portfolio of businesses," said Rob Painter, president and CEO of Trimble. "As we refocus our efforts on the company's core construction capabilities,
Trimble's construction logistics business has been reported as part of the Building and Infrastructure Segment. The sale will not have a material impact on Trimble's segment or overall financial results.
As the provider of a leading Supplier Collaboration Platform for Heavy Work,
Trimble is transforming the way the world works by delivering products and services that connect the physical and digital worlds. Core technologies in positioning, modeling, connectivity and data analytics enable customers to improve productivity, quality, safety and sustainability. From purpose built products to enterprise lifecycle solutions, Trimble software, hardware and services are transforming industries such as agriculture, construction, geospatial and transportation. For more information about
This press release contains forward-looking statements regarding the business operations and prospects of Trimble, including the impact of the construction logistics business divestiture. These forward-looking statements are subject to change, and actual results may materially differ due to certain risks and uncertainties. Factors that could cause or contribute to changes in such forward-looking statements include, but are not limited to timely satisfaction of various conditions to closing the divestiture, and whether the divestiture is completed on the intended timeline, or at all. More information about potential factors which could affect Trimble's business and financial results is set forth in reports filed with the
Karli Langner, Command Alkon, (205) 879-3282 x 3968, email@example.com, Lea Ann McNabb, Trimble, Inc., +1 408-481-7808, firstname.lastname@example.org