Trimble to acquire Minnetonka-based PeopleNet for undisclosed sum



Via News Release

“SUNNYVALE, Calif., July 20, 2011 — Trimble (NASDAQ: TRMB) announced today that it has signed an agreement to acquire privately-held PeopleNet, a leading provider of integrated onboard computing and mobile communications systems for effective fleet management.

PeopleNet provides fleets with software and hardware solutions that help manage regulatory compliance, fuel costs, driver safety and customer visibility.”

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Terms of the transaction are not disclosed (yet) and according to a spokesperson from PeopleNet, there are no intentions of restructuring their Minnesota-based workforce of around 200.