UNNYVALE, Calif., —Trimble (NASDAQ: TRMB) announced today that it has reinstated its share repurchase program. Trimble had previously announced a temporary suspension of the program in the second quarter of 2018 in connection with the Viewpoint acquisition. Approximately $392 million remains under the current share repurchase authorization. Trimble remains committed to its deleveraging plan.
The reinstatement of the repurchase program is effective immediately. Shares may be purchased from time to time, subject to general business and market conditions and other investment opportunities, through open market purchases, privately negotiated transactions or other means. The repurchase authorization may be commenced, suspended or discontinued at any time at the Company's discretion.
Trimble is transforming the way the world works by delivering products and services that connect the physical and digital worlds. Core technologies in positioning, modeling, connectivity and data analytics enable customers to improve productivity, quality, safety and sustainability. From purpose built products to enterprise lifecycle solutions, Trimble software, hardware and services are transforming industries such as agriculture, construction, geospatial and transportation and logistics.Source : Trimble