Wabco Purchases Transics International [Travel & Leisure Close - Up]
(Travel & Leisure Close - Up Via Acquire Media NewsEdge) Wabco Holdings, a global technology company and tier-one supplier to the commercial vehicle industry, announced that it has acquired Transics International NV, a company focusing on Europe of fleet management solutions headquartered in Ypres, Belgium.
"Wabco is continuing to execute its strategy to expand its fleet management solutions to commercial vehicle operators globally. With the acquisition of Transics International, we can now leverage the powerful combination of Wabco's commercial vehicle systems expertise and industry-leading safety and efficiency technologies with Transics' world-class fleet management solutions," said Jacques Esculier, Wabco Chairman and Chief Executive Officer. "The integration of comprehensive real-time data gathered from Wabco's onboard advanced braking, stability control and efficiency systems with Transics' innovative telematics services will offer fleet operators a rich source of data to enhance their fleet services, gain operational productivity and increase vehicle safety and efficiency."
According to a release, Transics International provides seamless fleet management solutions that help commercial vehicle fleet operators to manage their trucks, trailers, drivers, cargo and orders in real-time. Transics International currently serves more than 1,300 road transport and logistics companies across Europe connecting over 85,000 vehicles. The company's suite of fleet management solutions helps operational efficiency, customer service and fleet productivity while lowering operating costs.
"We are delighted to join Wabco, a global leader in the commercial vehicle industry," said Walter Mastelinck, Chief Executive Officer and Founder, Transics International NV. "Both Wabco and Transics International are recognized for pioneering leading technologies that enable safer and more efficient commercial vehicles. Moving forward, we will combine our excellent fleet management solutions with Wabco's advanced development capabilities, global reach and systems integration expertise to better meet growing global customer needs." Wabco plans to combine Transics International's operations with its existing Trailer Systems, Aftermarket and Off-Highway business. Transics International will continue to operate under its own brand and, as part of Wabco, will offer its comprehensive range of market-leading products and services in key markets worldwide, including its TX-Connect platform and suite of related systems.
"We greatly value the world-class capabilities, technological knowhow and track record of Transics International's team of market- leading experts," said Nick Rens, Wabco Executive Officer and Vice President, Trailer Systems, Aftermarket and Off-Highway. "WABCO already offers a broad range of service solutions for truck and trailer manufacturers, distributors, workshops and fleet operators. With the acquisition of Transics International, we will significantly expand our innovative portfolio of products, services and solutions catering to the specific needs of our global customer base."
Wabco has completed the acquisition of 96.84 percent of Transics International shares by acquiring holding company Tavares NV in a cash transaction.
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