Platform Science Acquires Trimble's Telematics Units

Platform Science acquired Trimble's global transportation telematics business units, becoming a major player in the industry. Trimble retains a stake in Platform Science and a board seat, strengthening their ongoing partnership. The deal centers on expanding Platform Science's "Virtual Vehicle" platform, providing a unified application platform for various fleets regardless of hardware. This acquisition is expected to benefit both companies, furthering Trimble's growth strategy and accelerating Platform Science's global reach. Several financial and legal advisors facilitated the transaction.