Trimble has entered into a definitive agreement to acquire @Road Inc. for approximately $496 million. Trimble said @Road will be incorporated into its Trimble Mobile Solution (TMS) segment, which already offers the TrimFleet family of products for fleet management and tracking.
@Road is a provider of field service management solutions within the transportation, distribution, telecom, cable, field service, utilities, facilities management and public works segments. The @Road transaction will complement Trimble’s existing expertise in construction supply, direct store delivery, public safety and utilities industries, Trimble said. In addition, Trimble is poised to leverage @Road’s scalable software infrastructure.
@Road had recently formed a partnership with Eaton Corp.’s newly formed Vehicle Solutions Business Unit to provide a suite of fleet management applications. Earlier this month @Road partnered with Alltel Wireless to extend its wireless coverage to customers in rural transportation and distribution hubs.
“@Road is widely recognized for its strong technology base and its success with enterprise customers,” said Steven Berglund, president & CEO of Trimble. “The addition of @Road to Trimble’s existing TMS product offerings will enable us to provide a broader and more robust platform.”
“We are pleased to join Trimble and it is an excellent fit for @Road,” said Krish Panu, president & CEO of @Road. “Our goal has always been to provide the best MRM (mobile resource management) solution, from product design to our ongoing customer support. We believe the acquisition will enable even more better customer service, while enabling our employees worldwide to continue to provide leadership in our markets.”
For more information, go to www.trimble.com or www.road.com
