Trimble to Acquire Kuebix to Transform and Connect the
Trimble to Acquire Kuebix to Transform and Connect the Transportation Logistics Ecosystem
Combined Cloud Platform to Create the Largest Connected Network of Shippers and Carriers in the North American Supply Chain, Improving Resource Utilization and Reducing CostsSUNNYVALE, Calif., Jan. 9, 2020 — (PRNewswire) — Trimble (NASDAQ: TRMB) announced today it has signed a definitive agreement to acquire privately-held Kuebix, a leading transportation management system (TMS) provider and creator of North America's largest connected shipping community. This acquisition will enable Trimble to bring together its network of private fleet and commercial carrier customers, which collectively represent more than 1.3 million commercial trucks in North America, with Kuebix's extensive community of more than 21,000 shipping companies, creating a powerful new platform for planning, execution and freight demand-capacity matching.
The transaction is expected to close in the first quarter of 2020, subject to customary closing conditions. Financial terms were not disclosed.
This acquisition will augment Trimble's comprehensive transportation technology portfolio and position Trimble to further its strategy to lead the industry's transformation.
"Combining Kuebix's innovative platform and rapidly-growing community of shippers with Trimble's history of innovation, strength and scale will provide a transformative transportation supply chain solution that creates new opportunities for collaboration throughout the logistics ecosystem," said James Langley, senior...