Trimble Navigation to Acquire TMW Systems (TRMB)

Trimble Navigation Ltd. (NASDAQ:TRMB) revealed on Monday that it is about to acquire TMW Systems Inc, a specialized software maker for transportation and logistics industries, in an all cash deal worth $335 million.

TMW’s software not only helps in storing and analyzing data but it also acts as core through which vital operations of transportation companies are handled thereby automating  the entire business process and helping improve the operational efficiency.

TMW, a Beachwood, Ohio-based Company, currently employs 500 people and its preceding year’s revenue stood at $96 million.

TRMB said that it expects to finance this deal from its existing credit facilities. The company expects to complete the acquisition in the fourth quarter.

According to the Ron Konezny, Trimble’s General Manger in Transportation and Logistics division, TMW has a sustained record of posting doubled digit growth; besides it will also bring history of innovations and strong financial performance.

The deal is likely to impact company’s fourth quarter profit by 1 to 3 cents a share; however, in the fiscal 2013, the company expects the acquisition will help in adding 12 to 14 cents a share on its adjusted earnings.

Trimble Navigation is in a business of making equipments used for mapping, surveying, and marine navigation. Earlier in April, it announced plans to acquire Google Inc.’s (NASDAQ:GOOG) SketchUp 3D modeling platform for an undisclosed sum.

 

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

WHAT IS ADVFN?

ADVFN covers all things stock market.

From the news and opinion pieces on pages like this to share discussion forums, charting tools, financials, live share prices and Level 2, order book data

If you trade or invest ADVFN has the tools you need to make the right decisions.

• 

  101 Ways to Pick Stock Market Winners

  You need the number one bestselling investment guide, the definitive text for day traders, investors and stock pickers.

• 

  The Death of Wealth

  Dissecting the global economy and the financial markets, the book lays out the evidence for the next economic game changer: the Death of Wealth.

• 

  Justin Waite

• 

  Luis Aureliano

• 

  Ed Liston

• 

  Alexander Evagora