Trimble buys @Road for MRM Play (12/10)
Sunday, December 10, 2006 | Comments
Trimble entered into a definitive agreement to acquire @Road for about $496 million. @Road shareholders will receive $5 per share in cash, and the remaining $2.50 per share in consideration will be a mixture of cash and/or Trimble stock to be determined at Trimble's discretion. After subtracting @Road's net cash position of about $79 million, the transaction enterprise value is $417 million. The transaction will be accounted for as a purchase. Trimble said the acquisition expands its Mobile Solutions (TMS) segment and positions Trimble as a market leader in providing mobile resource management (MRM) solutions.


 
 
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