KeyBanc analyst Jason Celino views Trimble’s intention to acquire Transporeon positively, saying the company has a strong financial profile and offers a "complementary nature," though he acknowledges Trimble is "paying a healthy premium for it." Transporeon’s financials "seem fundamentally sound" and the acquisition fits nicely into Trimble’s Connect and Scale strategy, Celino tells investors in a research note. Transporeon’s foothold in the European and shippers markets and its capabilities around freight procurement, dock scheduling, and yard management complements well with Trimble’s predominant focus in North America, says the analyst.
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Published first on TheFly
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