Financial Release<< Back
Trimble Acquires Transportation Supply Chain Visibility Provider 10-4 Systems
"This acquisition will advance our mission to transform the way the world moves freight by providing innovative transactional, visibility, decision support and optimization solutions that benefit participants at every level of the supply chain," said
Gartner identified visibility as the "No. 1 supply chain initiative" based on results from its 2016
"We are excited to bring the benefits of our advanced enterprise visibility platform to the thousands of supply chain partners that rely on Trimble's Transportation Enterprise solutions," said
Rhyan will continue to lead 10-4 Systems as executive vice president and general manager. 10-4 Systems' business will be reported as part of Trimble's Transportation Segment.
About 10-4 Systems
10-4 Systems is a technology company delivering a multimodal information platform for intelligent supply chain visibility that harnesses the power of big data. Their solution securely aggregates shipment and location data and pushes out analytics that help companies make meaningful decisions that have a positive impact on their bottom line. With offices in
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 a broad range of industries such as agriculture, construction, geospatial and transportation and logistics. For more information about
This press release contains forward-looking statements regarding the business operations and prospects of Trimble, including the impacts of the acquisition of 10-4 Systems on Trimble's capabilities for servicing the transportation industry. 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 such differences include, but are not limited to (i) the ability to realize the anticipated benefits of the acquisition, including enhancement of freight shipment solutions for existing and new customers, and expansion of Trimble's TMS product portfolio, (ii) the risks inherent in integrating an acquisition, including retention of key personnel and commercial relationships; and (iii) unanticipated expenditures, charges or assumed liabilities that may result from the acquisition. More information about potential factors that could affect Trimble's business and financial results is set forth in reports filed with the SEC, including Trimble's quarterly reports on Form 10-Q and its annual report on Form 10-K. All forward-looking statements are based on information available to Trimble as of the date hereof, and Trimble assumes no obligation to update such statements.
View original content:http://www.prnewswire.com/news-releases/trimble-acquires-transportation-supply-chain-visibility-provider-10-4-systems-300518399.html
News Provided by Acquire Media