Trimble(US:TRMB)2024-09-16 16:01Transaction Overview - Trimble Inc. announced a Master Transaction Agreement with Platform Science, involving the sale of its global transportation telematics business units[4]. - The transaction will not include Trimble's other core transportation business units: Enterprise, Maps, Vusion, and Transporeon, which will remain part of the Transportation & Logistics segment[4]. - The closing of the proposed transaction is subject to customary closing conditions and regulatory approval[4]. Financial Implications - The press release includes historical financial information regarding the global transportation telematics business units[4]. - Trimble's forward-looking statements indicate potential benefits from the equity stake in Platform Science and related commercial agreements[5]. Risks and Uncertainties - Risks associated with the transaction include failure to realize anticipated benefits and potential delays in closing due to regulatory approvals[5]. - The company emphasizes that actual results may materially differ from forward-looking statements due to various uncertainties[5]. - Management's attention may be diverted from ongoing operations due to the proposed transaction[5]. Forward-Looking Statements - Trimble expressly disclaims any obligation to update or revise forward-looking statements following the announcement[5]. - The report was signed by Chief Financial Officer Phillip Sawarynski on September 16, 2024[6].