Trimble and Platform Science pushed hard to get deal done before Vegas meeting [Yahoo! Finance]
Cummins Inc. (CMI)
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Source: Yahoo! Finance
venture capital-backed Platform Science in parallel with Trimble's annual customer meeting in Las Vegas wasn't coincidence. It was sort of the point. The transaction was announced Sunday , the first day of events tied to Insight. The Trimble technology conference brings in thousands of representatives from its customers, particularly from carriers. “We oriented so much of our work these last weeks and months to get to this moment,” Trimble CEO Rob Painter said of the announcement's timing. Painter made his remarks at a media briefing following the opening session of Insight. Under the transaction, whose projected closing date has not been revealed, the telematics segment of Trimble's Transportation Group will be merged with that of Platform Science. In exchange, Trimble will now own 32.5% of the company. Trimble (NASDAQ: TRMB) also will have a seat on the Platform Science board. “This isn't a passive transaction,” Painter said at the briefing. “If it was purely transactional,
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CMI
Earnings
- 8/1/24 - Beat
CMI
Sec Filings
- 9/13/24 - Form 4/A
- 9/12/24 - Form 4
- 8/27/24 - Form 4
- CMI's page on the SEC website