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Trimble to fund TMW purchase with borrowings from credit facility
By Ashley Montgomery
Kansas City, Kan., Aug. 27 - Trimble plans to draw on its credit facility to fund the acquisition of TMW Systems, Inc., according to a news release.
The purchase price will be $335 million and the acquisition is expected to close in the fourth quarter.
Trimble is a Sunnyvale, Calif.-based global positioning system technology company.
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