Trimble to buy privately held software maker for $355 mln

Mon Aug 27, 2012 6:37am EDT

Aug 27 (Reuters) - Trimble Navigation Ltd agreed to buy privately held TMW Systems Inc, which provides enterprise software to transportation and logistics companies, for $335 million in cash.

Trimble, which makes surveying, mapping, and marine navigation equipment, said the deal will hurt its fourth-quarter adjusted profit by between 1 cent and 3 cents per share, but add to 2013 adjusted earnings by between 12 cents and 14 cents per share.