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Stock impact report

Platform Science to acquire Trimble's global transportation telematics business units [Yahoo! Finance]

PACCAR Inc. (PCAR) 
Last paccar inc. earnings: 1/28 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: paccar.com/investors
Company Research Source: Yahoo! Finance
As part of the agreement announced Sunday, Trimble will become a shareholder in Platform Science's expanded business and hold a 32.5% stake. The transaction is expected to close in the first half of 2025. In a press release, the companies said the deal aims to improve driver experience, fleet safety, efficiency and compliance. Customers will gain access to a wider range of applications and offerings through a combination of the two companies' in-cab commercial vehicle ecosystems. “We believe combining our global transportation telematics portfolio with Platform Science's will further advance fleet mobility and provide our customers with a broader portfolio of solutions to solve industry problems,” said Rob Painter, president and CEO of Trimble, in a statement. “This partnership marks the inflection point for a true platform approach to transportation technology. Now, powered by OEM-native software services, we will deliver unprecedented choice,” said Jack Kennedy, co-founder an Show less Read more
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