Trimble Inc. (NasdaqGS: TRMB) signed an agreement to acquire Müller-Elektronik GmbH & Co. KG on May 22, 2017. The acquisition was funded with a portion of the company's existing foreign cash. The transaction is structured as a share deal. The acquisition of Müller-Elektronik includes other operations, WTK Elektronik, a German-based company, ME-France, ME-Sud America, an Argentina-based company, and Mueller Electronics Inc., a North American-based company. The Müller-Elektronik businesses will be reported as part of Trimble's Resources and Utilities Segment. The completion of the transaction is subject to customary closing conditions and clearance or expiration of the waiting period under the German Act against Restraints of Competition. The transaction was approved by anti-trust authorities. The transaction is expected to close in the third quarter of 2017. Thomas Gilles, Matthew Gemello, Rebecka Ringnalda, James Parinello, Björn Simon, Markus Moertel, Lenard Bock, Johannes Teichmann, Ingmar Oltmanns, Holger Lutz, Michael Fammler, Philipp Schmitz, Daniel Bork, Sonja Klein, Christian Horstkotte and Clara Dust of Baker & Mckenzie Partnerschaft Von Rechtsanwälten Wirtschaftsprüfern,Steuerberatern Und Solicitors acted as legal advisor for Trimble. Lars Roßner, Kristina Plenty, Erbo Heinrich, Thomas Draguhn, Alexander Otto, Christine Vock, Christian Preetz, Christian Quack and Albrecht von Wiluck of Buse Heberer Fromm acted as legal advisor for Müller-Elektronik. Andreas Ewers of I-ADVISE AG acted as financial advisor for shareholders of Müller-Elektronik.

Trimble Inc. (NasdaqGS: TRMB) completed the acquisition of Müller-Elektronik GmbH & Co. KG for approximately $130 million on July 3, 2017. During fiscal 2017, the Company acquired ten businesses, with total purchase consideration of $331.2 million. The purchase prices ranged from less than $2 million to $134 million. The largest acquisition was Müller-Elektronik.