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Trimble to ship out a deal with Kuebix
Posted on Friday, 10 January 2020 13:27
Trimble has agreed to snap up US-based transportation management system (TMS) provider Kuebix for an undisclosed sum.
The deal, which will augment the buyer’s transportation technology portfolio, is due to close in the first quarter of 2020, subject to the usual customary conditions.
Massachusetts-headquartered Kuebix is a leading cloud-based TMS company that provides freight intelligence and supply chain services through predictive analytics.
Its Kuebix Free Shipper platform allows customers to rate, book and track truckloads, less than truckload and parcel freight shipments.
The company’s FleetMAX technology digitally matches freight to available fleet assets and gives brokers and shippers access to a vast fleet capacity network.
Kuebix claims to be the creator of North America’s largest connected shipping community and currently serves more than 21,000 shipping companies.
Upon closing, the target will become part of the buyer’s transportation segment.
The deal will allow Trimble to combine its private fleet and commercial carrier network with Kuebix’s and create a new platform focused on planning, execution and freight demand-capacity matching.
Furthermore, the transaction enables the purchaser to establish a single logistics platform for all participants in the supply chain.
James Langley, senior vice president of Trimble Transportation, said: “This combination will help carriers uncover inefficiencies in their network, make better decisions, optimise operations and transform the way the transportation industry works.”
Headquartered in California, the buyer is a software-as-a service technology company which serves customers in the agriculture, geospatial, building and construction industries, among others.
Trimble is no stranger to the acquisition trail; in December last year, it picked up the Can-Net business network from Canada’s Cansel Survey Equipment for an undisclosed sum.
During 2019, there were 10,415 deals targeting data processing, hosting and related services providers announced globally, according to Zephyr, the M&A database published by Bureau van Dijk.
In the largest of these, Cayman Islands-based Alibaba Group Holding issued shares worth USD 88.00 billion (USD 11.32 billion).
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