Precisional Completes Acquisition of Four Industrial Technology Businesses from Trimble
Precisional, an affiliate of The Jordan Company, announced on May 9 that it has completed the previously announced transaction to acquire four industrial technology businesses from Trimble. The acquired businesses include Protempis (formerly Trimble Time and Frequency), LOADRITE, Spectra Precision Tools and SECO. Financial terms were not disclosed.
TJC, a private equity firm, formed Precisional LLC as a global platform focused on precision measurement and data solutions driving efficiencies in the most demanding infrastructure end markets. “The Trimble businesses, which have joined Precisional, have a long heritage of innovation, and each is a leader in the markets it serves,” said Drew Ladau, CEO of Precisional. “I’m excited to build upon this strong foundation alongside the dedicated employees that have served their customers so well over the years. In addition, we plan to accelerate the pace of innovation and growth with the focus of resources and investment on these core businesses supported by TJC.”