Trimble, Westminster, Colo, has completed the acquisition of Transporeon, Ulm, Germany, a cloud-based transportation management software platform. Transporeon provides modular applications that power a global network for more than 150,000 carriers and 1,400 shippers and retailers with an integrated suite of best-in-class sourcing, planning, execution, monitoring and settlement tools.
Trimble funded the transaction using a combination of financings it has previously announced including senior notes, a term loan, existing credit facilities and cash on hand. Transporeon will be reported as part of Trimble’s transportation segment.