Trimble On Sunday Announced Agreement For Platform Science To Acquire Its Global Transportation Telematics Business Units; Upon Closing, Trimble Will Have A 32.5% Stake In New Global Platform Science Business
Portfolio Pulse from Benzinga Newsdesk
Trimble has announced an agreement for Platform Science to acquire its Global Transportation Telematics business units. Post-acquisition, Trimble will hold a 32.5% stake in the new Platform Science business.
September 16, 2024 | 6:36 pm
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Trimble is selling its Global Transportation Telematics business units to Platform Science and will retain a 32.5% stake in the new business. This strategic move could streamline Trimble's operations and potentially enhance its focus on core areas.
The acquisition allows Trimble to offload a segment of its business while still maintaining a significant stake, which could lead to operational efficiencies and a more focused business strategy. This is likely to be viewed positively by investors.
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