Trimble Inc. (Nasdaq: TRMB) and Platform Science completed Platform Science’s acquisition of Trimble’s global transportation telematics business units. The deal was first announced in September 2024 during the Trimble Insight Tech Conference in Las Vegas.
As part of the transaction, Westminster-based Trimble becomes a shareholder in San Diego-based Platform Science’s expanded business and receives a seat on Platform Science’s board of directors. Trimble is joining C.R. England, Cummins, Daimler Truck, PACCAR, Prologis, RyderVentures and Schneider as a strategic investor in Platform Science.
The collaboration aims to accelerate the future of transportation technology through the global expansion of Virtual Vehicle, Platform Science’s open, connected vehicle application platform developed in collaboration with leading OEMs. Customers will soon be able to select application solutions from Platform Science, Trimble and numerous partners in a growing catalog without changing hardware through Virtual Vehicle’s expansion.
Virtual Vehicle offers fleets access to a wide range of telematics, driver and fleet management software through OEM vehicle architecture or aftermarket hardware for non-compatible vehicles. This creates a uniform experience for users and developers, ensuring ease of use regardless of vehicle or hardware type.
“This transaction creates opportunities for Trimble to further connect people, data, workflows, and ecosystems across the global transportation lifecycle — from planning and procurement to execution and delivery,” said Rob Painter, president and CEO of Trimble.
The transaction is expected to further strengthen and accelerate Trimble’s Connect and Scale strategy, providing additional focus on priority growth areas for Trimble — including the Enterprise, Maps, Vusion and Transporeon business units, which are not included in the transaction and will remain part of Trimble’s Transportation & Logistics segment.
Advisers J.P. Morgan Securities LLC acted as exclusive financial adviser to Platform Science and Gibson, 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 to Trimble, and Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel to Trimble.
