Trimble has signed a definitive agreement to acquire Kuebix, a privately-held transportation management system (TMS) provider.
This acquisition will enable Trimble to bring together its network of private fleet and commercial carrier customers, which collectively represent more than 1.3 million commercial trucks in North America, with Kuebix’s community of more than 21,000 shipping companies, Trimble says.
Trimble says the Kuebix acquisition will allow Trimble to break down technology barriers, enable actionable visibility and improve collaboration by delivering a single logistics platform for all participants in the supply chain. This Software-as-a-Service (SaaS), multi-tenant, cloud platform will optimize the entire logistics process from order management to financial settlement, improving efficiency and asset utilization for carriers and giving shippers access to expanded capacity and reduced costs, the company says.
The transaction is expected to close in the first quarter of 2020, subject to customary closing conditions. Financial terms were not disclosed. Kuebix’s business will be part of Trimble’s transportation sector.