10:15 AM EDT, 05/08/2024 (MT Newswires) -- Trimble (TRMB) said Wednesday it has acquired privately-held Flashtract for an undisclosed sum.

Flashtract provides technology to streamline payment and compliance information between construction general contractors and subcontractors, the company said. It has rebranded the technology as Trimble Pay.

Trimble shares were down about 1.6% in early trading.

Price: 56.07, Change: -0.93, Percent Change: -1.63