You might also like
Trimble Inc. is a technology company that provides solutions to enhance work processes across various industries, including architecture, building construction, civil engineering, geospatial, survey and mapping, agriculture, natural resources, utilities, transportation, and government . The company focuses on connecting the digital and physical worlds through core technologies in positioning, modeling, connectivity, and data analytics to improve productivity, quality, safety, transparency, and sustainability . Trimble's business activities are organized into three primary segments: Architects, Engineers, Construction and Owners (AECO), Field Systems, and Transportation and Logistics (T&L) .
- Architects, Engineers, Construction and Owners (AECO) - Provides software solutions for the construction industry, significantly contributing to recurring revenue growth with bundled offerings like Trimble Construction One (TC1) .
- Field Systems - Includes hardware-centric businesses with revenue equally split between hardware and software, services, and recurring revenue .
- Transportation and Logistics (T&L) - Offers mobility, transportation management systems, and mapping solutions, focusing on transitioning from hardware to higher value-added data flows .
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Jennifer Allison Executive | VP, General Counsel, and Secretary | None | General Counsel since April 2023; joined Trimble in 2018 via Viewpoint acquisition; previously General Counsel for Trimble's Construction Sector. | |
Julie A. Shepard Executive | Chief Accounting Officer (CAO) | Member of AICPA, Financial Executives Institute, and Institute of Management Accounting | CAO since May 2007; joined Trimble in 2006; over 30 years of finance experience; CPA. | |
Mark Schwartz Executive | Senior Vice President | None | SVP since November 2023; joined Trimble in 2010; previously Chief Digital Officer and VP of Civil Construction Software. | |
Peter Large Executive | Senior Vice President | None | SVP overseeing strategy, corporate development, and technology innovation; rejoined Trimble in 2020; previously held leadership roles in construction and infrastructure. | |
Phillip Sawarynski Executive | Chief Financial Officer (CFO) | None | CFO since January 2025; joined Trimble in 2009; held roles in finance, corporate development, and ventures; MBA from Carnegie Mellon University. | |
Robert G. Painter Executive | President and CEO | Board Member at Synopsys, Inc. | CEO since January 2020; joined Trimble in 2006; previously CFO and VP of Trimble Buildings; MBA from Harvard University. | View Report → |
Börje Ekholm Board | Chairperson of the Board | CEO of Ericsson; Board Member of Swedish American Chamber of Commerce NY | Chairperson since 2023; rejoined Trimble's board in 2020; extensive experience in telecommunications and venture capital. | |
James C. Dalton Board | Director | None | Director since 2020; former Director of Civil Works for USACE; expertise in large-scale construction and water management. | |
Johan Wibergh Board | Director | Board Member at BCE Inc.; Board Member at Vantage Towers AG | Director since 2018; former Group Technology Officer at Vodafone; expertise in telecommunications and cloud computing. | |
Kaigham (Ken) Gabriel Board | Director | CEO of Pitt BioForge; Founding Director of Pitt’s Advanced Biomanufacturing Institute | Director since 2015; former COO of Wellcome Leap and Acting Director of DARPA; extensive background in technology and biomanufacturing. | |
Kara Sprague Board | Director | EVP and Chief Product Officer at F5, Inc. | Director since February 2024; expertise in cloud computing and cybersecurity; former McKinsey leader in technology practice. | |
Mark S. Peek Board | Director; Chair of Audit Committee | EVP at Workday; Board Member at SentinelOne; Advisory Board Member at Foster School of Business | Director since 2010; extensive experience in finance and SaaS; former CFO of VMware and Amazon. | |
Meaghan Lloyd Board | Director | Chief of Staff at Gehry Partners; Board Member at Turnaround Arts California | Director since 2016; expertise in architecture and construction; former CEO of Gehry Technologies. | |
Ron Nersesian Board | Director | Chairman of the Board at Keysight Technologies; Member of Georgia Tech Advisory Board | Director since February 2024; former CEO of Keysight Technologies; expertise in technology and operational excellence. | |
Thomas W. Sweet Board | Director; Member of Audit Committee | Board Member at 3M; Member of Salvation Army Central Texas Advisory Board | Director since 2022; former CFO of Dell Technologies; expertise in finance and corporate strategy. |
-
Can you provide more specific reasons for the continued delays in completing the audit review, and what concrete steps are you taking to ensure it is finalized before the upcoming Investor Day?
-
While you've reported strong ACV bookings in TC1 within AECO, can you elaborate on the challenges you're facing in rolling out TC1 to the owner segment and international markets, and how might this impact your growth projections?
-
With the divestiture of the mobility business, how do you plan to address potential gaps in your Connect & Scale strategy, and what specific initiatives are you implementing to sustain growth in the Transportation and Logistics segment, particularly in a challenging freight market?
-
Given the divestiture of hardware-centric low-margin businesses, can you provide more detailed guidance on how you plan to achieve the anticipated 100 basis points of margin expansion over the next few years, and what risks could prevent you from reaching these targets?
-
Considering your capital allocation priorities between potential M&A opportunities within the AECO segment and your commitment to share buybacks, how do you intend to balance these competing interests, and could this impact your ability to invest in strategic acquisitions?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Flashtract | 2024 | Trimble acquired Flashtract on May 8, 2024 to integrate its specialized payment and compliance technology with Trimble's ERP system (Trimble Viewpoint® Vista™) as part of its Construction One suite, enhancing electronic management of payments and lien waivers; the financial terms were not disclosed. |
Transporeon | 2023 | Completed on April 3, 2023, this deal was valued at approximately €1.9 billion ($2.1 billion) and was funded via senior notes, term loans, and credit facilities, acquiring a Germany-based cloud transportation management platform that connects shippers, carriers, and retailers to optimize global supply chains in line with Trimble's Connect and Scale strategy. |
B2W Software | 2022 | Acquired in September 2022 for $322.1 million, B2W Software, a provider of estimating and operations solutions for the heavy civil construction industry, was integrated into the Buildings and Infrastructure segment to bolster Trimble Construction One and support the company’s Connect and Scale strategy. |
Recent developments and announcements about TRMB.
Press Releases
Press Release
·Feb 12, 2025, 1:49 AMView full press release →Trimble completes the sale of its global transportation telematics business units to Platform Science. Under the deal, Trimble secures a board seat and an equity stake, sharpening focus on segments like Enterprise, Maps, Vusion and Transporeon.