This is a major acquisition that has the potential to drastically alter the supply chain space for years to come. The acquisition will merge Trimble’s 1.3 million commercial trucks in North America with Kuebix's community of more than 21,000 shipping companies.
Trimble's acquisition will not only create an incredibly extensive network of shippers and carriers, but it will also create a single streamlined transportation management software (TMS) that will make it easier for users to strategize their supply chain.
Once released, users will have increased visibility into this new TMS as well as access to every asset and shipment across their supply chain.
Trimble’s steady growth
Mergers and acquisitions have been a big part of Trimble's strategy over the past two years. In 2019 alone, Trimble acquired five different companies.
Some of the acquisitions have been focused on establishing the company as a leader in the construction space, while others have been more focused on solidifying itself as a leading provider of enterprise asset management software.
"The acquisitions are strategically significant and position us to play a unique and central market role in providing comprehensive enterprise and project solutions. They also provide significant financial opportunity and contribute strong growth trajectories.”
In fact, in the last quarter alone, the transportation management sector reported $198.3 million in sales. The figure was up 4.2% year over year and accounted for 25.3% of total revenues. A good chunk of profit that Trimble is hoping for will only increase with the acquisition of Kuebix.
Can Trimble help Kuebix become the market leader in TMS software?
Mike is a former market research analyst focusing on CAD, PLM, and supply chain software. Since joining G2 in October 2018, Mike has grounded his work in the industrial and architectural design space by gaining market knowledge in building information modeling, computer-aided engineering and manufacturing, and product and machine design. Mike leverages his knowledge of the CAD market to accurately represent the space for buyers, build out new software categories on G2, and provide consumers with data-driven content and research. Mike is a Chicago native. In his spare time he enjoys going to improv shows, watching sports, and reading Wikipedia pages on virtually any subject.