Trimble Navigation Picks Up ALK Technologies
The target provides routing, mapping and mileage services for the trucking and rail industries
Trimble Navigation (Nasdaq: TRMB) has acquired ALK Technologies, a routing, mapping and mileage company that serves the trucking and rail industries.
ALK, headquartered in Princeton, N.J., is expected to extend Trimble’s logistic product portfolio, which includes TMW Systems. The target’s products include CoPilot Live, which offers onboard GPS navigation for professional drivers.
Sunnyvale, Calif.-based Trimble provides technology services to logistics providers. Terms of the deal weren’t disclosed.
For more on Trimble’s acquisition of TMW, see editor-in-chief Mary Kathleen Flynn’s video interview with William Blair & Co.’s Mark Brady, the investment banker who worked on the sale.
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