Trimble Completes Transoft Solutions Business Acquisition

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

From the Filing

0001193125-24-083599.txt : 20240401 0001193125-24-083599.hdr.sgml : 20240401 20240401171855 ACCESSION NUMBER: 0001193125-24-083599 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20240331 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240401 DATE AS OF CHANGE: 20240401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRIMBLE INC. CENTRAL INDEX KEY: 0000864749 STANDARD INDUSTRIAL CLASSIFICATION: MEASURING & CONTROLLING DEVICES, NEC [3829] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 942802192 STATE OF INCORPORATION: DE FISCAL YEAR END: 1229 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14845 FILM NUMBER: 24810979 BUSINESS ADDRESS: STREET 1: 10368 WESTMOOR DR CITY: WESTMINSTER STATE: CO ZIP: 80021 BUSINESS PHONE: (720) 887-6100 MAIL ADDRESS: STREET 1: 10368 WESTMOOR DR CITY: WESTMINSTER STATE: CO ZIP: 80021 FORMER COMPANY: FORMER CONFORMED NAME: TRIMBLE NAVIGATION LTD /CA/ DATE OF NAME CHANGE: 19930328 8-K 1 d800466d8k.htm 8-K 8-K false 0000864749 0000864749 2024-03-31 2024-03-31     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 1, 2024 ( March 31, 2024 )     Trimble Inc. (Exact name of registrant as specified in its charter)       Delaware   001-14845   94-2802192 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer I.D. No.)   10368 Westmoor Drive , Westminster , CO , 80021 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (720) 887-6100     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $0.001 par value per share   TRMB   NASDAQ Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ☐  Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 1.01 Entry into a Material Definitive Agreement. On March 31, 2024, Trimble Inc., a Delaware corporation (the “ Company ” or “ Trimble ”), entered into an Amended and Restated Sale and Contribution Agreement (the “ A&R Sale and Contribution Agreement ”) with AGCO Corporation, a Delaware corporation (“ AGCO ”), and PTx Trimble LLC, formerly Trimble Solutions, LLC, a Delaware limited liability company (the “ PTx Trimble &#8