Accelerating the future of transport technology through global expansion of virtual vehicle
The science of the Timble and the platform will strengthen and expand their ongoing trade relations as part of this agreement
Westminster, Colo and San Diego, February 10, 2025-(Wire Business) -Thimble (Nasdaq: Trmb) and Science platform announced the completion of purchasing the science platform of business units of Telimble Timble Global. The deal was first announced in September 2024 during the Trimble Insight Tech Conference in Las Vegas.
As part of the transaction, TRIMBLE becomes a shareholder in the expanded business of the science platform and takes a place on board the directors of the science platform. TRIMBLE is joining CR England, Cummins, Daimler Truck, Paccar, Prologis, Ryderventures and Schneider as a strategic investor in platform science. Cooperation accelerates the future of transport technology through the global expansion of the virtual vehicle, the open vehicle application platform associated with Science Science, developed in cooperation with the main OM.
Customers across the globe will soon be able to choose the application solutions from the platform science, numerous and numerous partners in a growing catalog without changing the hardware through the expansion of the virtual vehicle. Virtual vehicle offers fleet access to a wide range of telematics, driver and fleet management software through OEM or Hardware Architecture after market for non -compatible vehicles, creating a uniform experience for users and developers and providing ease of ease of ease use, regardless of vehicle or hardware type.
“Together with trimps, we are committed to transforming the global transport industry. This transaction marks a historic moment in the way we offer an unprecedented choice for fleets of all sizes,” said Jack Kennedy, co -founder and CEO I CEO Science platform. “Innovation directs everything we do. We are empowering the collective minds of developers to easily attack the massive inefficients that have plagued transport to a critical mass of vehicles globally.”
“As we move forward by combining the global business units of the Trimble Telematics with the platform science, our commitment to serve our customers has never been stronger,” said Rob Painter, President and CEO of Trimle. “This transaction creates opportunities for trimbles to further connect people, data, work streams and ecosystems along the global life cycle – from planning and procurement to execution and distribution.”
The transaction is expected to further strengthen and accelerate the strategy of connecting and scale of the trimble, providing additional concentration in areas of increased priorities for trimbles – including enterprise, maps, VUSION and transpareon business units, which are not included in the transaction and The transport and logistics segment will remain part of the trimble’s.
advisers
JP Morgan Securities LLC acted as an exclusive financial adviser to the Science and Gibson platform, Dunn & Crutcher LLP, Fish & Richardson LLP, Fenwick & West LLP acted as legal advisers to platform science.
CenterView Partners LLC and Goldman, Sachs & Co. LLC acted as financial advisers for Timbles, and Skadden, ARPS, Slate, Meagher & Flom LLP served as a legal adviser to Trimle.
About platform science
The platform science is transforming transport technology by empowering enterprise fleets with a unified, user -friendly technological platform. The platform science facilitates the development, placement and management of mobile devices and applications in commercial vehicles, giving the fleets an advantage in efficiency, flexibility, visibility and productivity. The personalized platform gives an unlimited canvas for fleets and developers seeking to renew and create new solutions as the needs of clients, businesses and industries evolve. The Science Platform was named Fast Company as one of the most innovative companies in the world and is ranked twice at #2 in Freighttech 25 Awards by the Freightwaves industry news leader. For more information, visit www.platFormScience.com.
About the trimble
Trimble is transforming the ways people move, build and live. Essential technologies in the positioning, modeling and analysis of data link digital and physical worlds to improve productivity, quality, safety, transparency and durability of our customers. For more information about trimble (nasdaq: trbmb), visit: www.trimble.com.
Future statements
This news announcement contains future statements in the sense of Article 21e of the Act of Exchange of Securities of 1934, as amended, which are made on the basis of the safe provisions of the port of the reform of the securities procedures of securities 1995, including, but not limited to, statements about transaction, value and benefits to reduce its stock capital in platform science and trade agreements related to it, and technology development, service delivery And the business performance of each of the trimble and platform sciences that follow the transaction these future statements are subject to change, and current results may differ materially from those set out in this notice due to certain risks and uncertainties. Factors that may cause or contribute to changes to such future statements include but are not limited to (i) the inability to recognize the benefits of the anticipated trade agreements associated with the platform science after the transaction closure, (ii) Commercial developments by competitors, and (III) Failure to realize the foreseen benefits of the capital’s equity shares in the platform science. The above review of important factors should not be interpreted as exhaustive and should be read about other warning statements set out in the reports submitted to the SEC, including current Timble reports on form 8-K, quarter reports in the form 10- Q and its annual report for the 10-K form, such as statements about changes in economic conditions and the impact of competition. Unjust support should not be decided in any future statement contained here. These statements reflect the position of the trimble from the date of this notice. TRIMBLE is expressly expressed by any enterprise to publicly issue any update or review in any statement to reflect any changes to trimble expectations or any change of events, conditions or circumstances on which such a statement is based.
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Contacts
Media contacts Platform science Press@platformScience.com
