Trinity Industries Acquires This Rail Logistics Software Platform - Read More For Details

May 31, 2022 11:29 AM | 1 min read | Make a Comment

Trinity Industries Inc TRN has acquired Quasar Platform Inc. from Cando Rail & Terminals Ltd. Deal terms were not disclosed.
Quasar is an end-to-end rail logistics software platform providing a real-time data universe to freight rail shippers and operators.
This transaction will enhance Trinity's digital product portfolio, including Trinsight, by adding additional capabilities like yard management, activity-based costing, and new data visualization tools.
The acquisition closed on May 26 and is not expected to be material to Trinity's results.
Trinity plans to retain all of the employees of Quasar as part of the transaction.
Trinity held cash and equivalents of $351.4 million as of March 31, 2022.
Price Action: TRN shares are trading lower by 1.44% at $24.63 on the last check Tuesday.

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