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Trimble completes acquisition of Flashtract to enhance construction payment and subcontractor compliance technology

May 08, 2024•over 1 year ago

Acquiring Company

Trimble

Acquired Company

Flashtract, Inc.

WestminsterAuburnSoftwareInformation Technology

Description

Trimble (NASDAQ: TRMB) has acquired Flashtract, a company specializing in technology for managing payment and compliance information in the construction industry. The acquisition integrates Flashtract's technology into Trimble's construction solutions, enhancing subcontractor management capabilities and minimizing risk while improving efficiency for contractors.

Company Information

Company

Trimble

Location

Westminster, California, United States

About

Trimble is a global technology company that connects the physical and digital worlds, transforming the ways work gets done. With relentless innovation in precise positioning, modeling and data analytics, Trimble enables essential industries including construction, geospatial and transportation. Whether it's helping customers build and maintain infrastructure, design and construct buildings, optimize global supply chains or map the world, Trimble is at the forefront, driving productivity and progress.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed