10/3/2012 1:00:00 PM
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Trimble Navigation Ltd. said it has completed its $335 million acquisition of transportation software provider TMW Systems.
Trimble, which first announced it would by buy TMW in late August, made the announcement in a Securities and Exchange Commission filing on Tuesday.
The deal brings TMW — the largest transportation software provider — under the same ownership as PeopleNet Communications Corp., which Trimble acquired a year ago.
Company executives told Transport Topics when the deal was first announced that TMW and onboard communications firm PeopleNet will operate as independent businesses and continue to work with other industry partners.
The purchase of TMW by Trimble, a provider of Global Positioning System and other technology, further expands Trimble’s presence into the transportation and logistics field.
Ron Konezny, who founded PeopleNet in 1994, was appointed to his current post as general manager of Trimble’s transportation and logistics division in December. He was previously PeopleNet’s CEO.
David Wangler, TMW’s president, said when the deal was announced that the Beachwood, Ohio, firm will retain its name and entire management team.
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