04:52 AM EDT, 09/16/2024 (MT Newswires) -- Trimble (TRMB) said Sunday that Platform Science will acquire its global transportation telematics business.

The deal is expected to close in H1 2025, subject to customary closing conditions and regulatory approvals.

Upon deal completion, Trimble will have a 32.5% stake in Platform Science's business and will receive a seat on its board.

The transaction is expected to combine both companies' in-cab commercial vehicle systems, improving the customers' access to more applications and offerings.

Financial terms of the transaction were not disclosed.

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