Wall street

Stock market

Dec 20,2022

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Trimble will acquire a logistics software company and also raised $1 billion for it

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The amount was raised from Bank of America as a debt for the company deal

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Another company said that the raise comes from a loan credit agreement for $1 billion

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This amount comprised $500 million for a 3-year tranche and $500 for a 5-year tranche

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Trimble also acquires a german based company for 1.88 billion Euros

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This year 2022 Trimble shares were down by nearly 42% and then also they are acquiring the new companies

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