Trimble Completes Transoft Solutions Business Acquisition
Ticker: TRMB · Form: 8-K · Filed: Apr 1, 2024 · CIK: 864749
| Field | Detail |
|---|---|
| Company | Trimble Inc. (TRMB) |
| Form Type | 8-K |
| Filed Date | Apr 1, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $8,000,000, $46,000,000, $1,954,000,000, $14,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, material-agreement, regulation-fd
Related Tickers: TRMB
TL;DR
Trimble just bought a piece of Transoft Solutions, closing the deal on March 31st.
AI Summary
On March 31, 2024, Trimble Inc. announced the completion of its acquisition of a business from Transoft Solutions Inc. The filing also disclosed a material definitive agreement and provided an update on Regulation FD. Financial statements and exhibits related to these events are included.
Why It Matters
This acquisition signifies Trimble's expansion in a key market, potentially impacting its competitive landscape and future revenue streams.
Risk Assessment
Risk Level: medium — Acquisitions carry inherent risks related to integration, market reception, and financial performance.
Key Players & Entities
- Trimble Inc. (company) — Registrant
- Transoft Solutions Inc. (company) — Acquired Business Seller
- March 31, 2024 (date) — Completion Date of Acquisition
- April 1, 2024 (date) — Report Date
FAQ
What specific business segment of Transoft Solutions Inc. did Trimble acquire?
The filing indicates the acquisition of 'a business' from Transoft Solutions Inc. but does not specify the exact segment in the provided text.
What is the effective date of the acquisition completion?
The acquisition was completed on March 31, 2024.
What is Trimble Inc.'s primary business address?
Trimble Inc.'s principal executive offices are located at 10368 Westmoor Drive, Westminster, CO, 80021.
What is the SEC file number for Trimble Inc.'s 8-K filing?
The SEC file number for this filing is 001-14845.
What other items are reported in this 8-K filing besides the acquisition?
This 8-K filing also reports on the entry into a material definitive agreement, Regulation FD disclosure, and financial statements and exhibits.
Filing Stats: 1,153 words · 5 min read · ~4 pages · Grade level 12.3 · Accepted 2024-04-01 17:18:55
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value per share TRMB NASDAQ Glo
- $8,000,000 — " GNSS ") and guidance technologies and $8,000,000 in cash, and AGCO will have contributed
- $46,000,000 — imble its JCA Technologies business and $46,000,000 in cash, and (ii) Trimble will have sol
- $1,954,000,000 — ts subsidiaries for a purchase price of $1,954,000,000 in cash, subject to adjustments. As a r
- $14,000,000 — ings, to: (i) Trimble bearing the first $14,000,000 of reasonable, documented out-of-pocket
Filing Documents
- d800466d8k.htm (8-K) — 31KB
- d800466dex101.htm (EX-10.1) — 953KB
- d800466dex991.htm (EX-99.1) — 11KB
- g800466g0401022456834.jpg (GRAPHIC) — 5KB
- g800466g0401022457087.jpg (GRAPHIC) — 4KB
- 0001193125-24-083599.txt ( ) — 1326KB
- trmb-20240331.xsd (EX-101.SCH) — 3KB
- trmb-20240331_lab.xml (EX-101.LAB) — 17KB
- trmb-20240331_pre.xml (EX-101.PRE) — 11KB
- d800466d8k_htm.xml (XML) — 3KB
01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.01
Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.01. Item7.01 Regulation FD Disclosure. On April 1, 2024, Trimble issued a joint press release with AGCO announcing the completion of the Transaction pursuant to the A&R Sale and Contribution Agreement. A copy of the press release is furnished as Exhibit 99.1 and incorporated herein by reference. The information furnished pursuant to Item 7.01 of this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing of Trimble under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing. Item9.01
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Amended and Restated Sale and Contribution Agreement, dated as of March 31, 2024, by and among Trimble Inc., AGCO Corporation and PTx Trimble LLC. 99.1 Joint Press Release, dated April 1, 2024, issued by Trimble and AGCO. 104 The cover page from this Report on Form 8-K, formatted in Inline XBRL.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. TRIMBLE INC. a Delaware corporation Date: April 1, 2024 By: /s/ David G. Barnes David G. Barnes Chief Financial Officer