Trimble acquires Transporeon for €1.88B all-cash, expands European TMS platform

TRIMBLE INC.

Enterprise value €1.88B; funded by cash on hand and committed bridge financing from Bank of America.
Transporeon expected ~€190M revenue in 2023 (~25% YoY growth), >90% recurring, net retention >110%.
Deal expected to be immediately accretive to revenue growth and Non-GAAP operating margin; neutral to Non-GAAP EPS in 2024.
Transporeon serves 145,000 carriers and 1,400 shippers; platform manages ~€48B freight spend, 25M+ annual transports.
Closing targeted H1 2023; subject to regulatory approvals in Austria, Germany, Poland; no financing condition.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TRIMBLE INC. entered into Sale and Purchase Agreement with Spider Investments Luxembourg S.à r.l. valued at €1,564,300,000 base purchase price plus additional consideration (effective 2022-12-11).

Action: entry
Agreement: asset purchase
Counterparty: Spider Investments Luxembourg S.à r.l.
Value: €1,564,300,000 base purchase price plus additional consideration
Effective: 2022-12-11

Exact text from the filing

On December 11, 2022, Trimble Inc. (the “Company” or “Trimble”) and Trimble Trailblazer GmbH, a wholly owned subsidiary of the Company (the “Purchaser”), entered into a Sale and Purchase Agreement (the “Purchase Agreement”) with Spider Investments Luxembourg S.à r.l. (the “Seller”).

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Source: SEC EDGAR

accession 0001193125-22-302877

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