Tag: Financial
AGCO, Trimble Complete Ag Acquisition, Joint Venture
The largest location industry deal made last year has been completed. As part of a joint venture, AGCO AGCO 0.00%↑ acquired 85 percent of Trimble’s TRMB 0.00%↑ precision agriculture assets for $2...
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Overland AI Awarded $18.6 Million U.S. Army Robotic Combat Vehicles Contract
Overland AI has received an $18.6 million contract from the U.S. Army and the Defense Innovation Unit (DIU) for...
Keysight Outbids Viavi for PNT Testing Company Spirent Communications
Keysight trumps Viavi's March offer for testing and measurement company
Well, money talks. Keysight Technologies KEYS 0.35%↑ has announced its intention to acquire United Kingdom-based test and measurement company Spirent...
Weekly Product News
Aerospacelab Will Build, Launch Xona Space Systems’ Navigation Satellite
Aerospacelab will design, manufacture and launch Xona Space Systems’ upcoming navigation satellite. Aerospacelab will also assist Xona Space...
Comtech Fires CEO Peterman
Citing conduct unrelated to the business, Comtech Telecommunications CMTL 8.83%↑ terminated Ken Peterman as president and CEO and have removed him from its board of directors.
"The Board is committed to...
Trimble Reports 2023 Earnings, Gives 2024 Guidance
Trimble $TRMB reported nearly $3.8 billion in 2023 revenue—a 3 percent year-over-year increase—and expects to report income between $3.57 billion and $3.67 billion this year.
In...
TomTom Reports 2023 Results, Records $2.7 Billion Auto Backlog
Due to flat automotive demand, TomTom said it would see level sales this year as a backlog of auto orders expires. The company, which reported...
Everfield’s Acquisition of Visioglobe Fits Company Strategy
Although announced in late October, Everfield’s purchase of French navigation provider Visioglobe fits well with the company’s acquisition strategy, which focuses on vertical market software solutions, a...
U-blox Wins Patent Infringement Lawsuit against Techtotop, Announces Largest Investor
Thalwil, Switzerland-based u-blox has announced that the Chinese Supreme Court has ruled in its favor in a patent infringement claim filed by Techtotop Microelectronic Technology Co.
The company said...
TomTom Reports Quarterly Loss, Partners With Terra Visus
Driven by stronger automotive division sales, digital mapping company TomTom last week reported smaller than expected losses for its third quarter. The company reported a...
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