Daniel P. Bearth |
Trimble Inc. has added another piece to its growing portfolio of transportation technology services with the purchase of 10-4 Systems, a company that provides a way for shippers and carriers to electronically monitor the movement of goods and process freight transactions.
Terms of the deal were not disclosed.
“With the addition of 10-4 Systems, Trimble will significantly enhance its ability to help the transportation industry optimize demand and capacity management and improve utilization of long-haul trucking assets,” David Wrangler, president of Trimble Transportation Enterprise, said in a Sept. 13 statement.
Wrangler said the company’s goal is to “transform the way the world moves freight by providing innovative transactional, visibility, decision support and optimization solutions that benefit participants at every level of the supply chain.”
Travis Rhyan, president and CEO of 10-4 Systems, will remain in charge of the business as executive vice president and general manager.
“We are excited to bring the benefits of our advanced enterprise visibility platform to the thousands of supply chain partners that rely on Trimble’s transportation enterprise solutions,” Rhyan said.
With offices in Boulder, Colo., and Grand Rapids, Mich., 10-4 Systems will become part of Trimble’s Transportation Segment, which includes navigation and mapping specialist ALK Technologies, PeopleNet, a provider of onboard computing and communications systems for trucking companies and service fleets, and transportation management software provider TMW Systems.
Trimble, which is based in Sunnyvale, Calif., has extensive business operations throughout the world in global positioning systems, business software and automation. The company generated total revenue of $2.36 billion in 2016.