Trimble Acquires Logicway to Further Expand its Transport and Logistics Capabilities
Trimble (NASDAQ: TRMB) announced today that it has acquired privately held Logicway of the Netherlands, a provider of software for automating payroll and expenses with a specific focus on the transport and logistics (T&L) industry. Logicway's flexible reporting tools enable customers to pre-calculate salaries and expenses, track hours, monitor key performance indicators and improve report-building capabilities in the back office. Financial terms were not disclosed.
"T&L companies are faced with increasing complexity in complying and reporting with the changing laws and regulations in, and outside Europe. With its open and collaborative platform, Logicway has a rich solution that addresses these challenges, making compliance more efficient and automated," said Michel Van Maercke, general manager of Trimble's T&L group for EMEA. Logicway's software currently integrates with Trimble's T&L solutions. It is an ideal fit to expand our back-office capabilities to add even more value to our customers. In addition, Logicway's open platform allows for collaboration with other vendors in the T&L space."The acquisition enables us to broaden our footprint with a global team that shares our passion for innovation in the T&L industry," said Heino Van Der Gugten, co-founder of Logicway. "The combination of technologies and resources allows us to improve the performance and functionality of our product offerings. As part of Trimble, our commitment to our customers remains unchanged as we continue to deliver best-in-class products and services."
The Logicway business and its staff of 15 will be part of Trimble's Mobile Solutions segment.
Logicway software specializes in automating the wages and expenses calculation for businesses. Today, the majority of its customers are in the Transportation and Logistics industry throughout Europe. Logicway is based in Oldenzaal, Netherlands. For more information, visit: www.logicway.nl.