On February 17, 2014, the world's leading commercial vehicle technology leader and first-tier supplier, WABCO Automotive Control Systems announced that it successfully acquired the leader of the European fleet management solutions market, TransicsInternationalNV, which is headquartered in Belgium. Poole.
The CEO and CEO of WABCO Corp. Gu Jie can say, "WABCO has been actively promoting its business expansion strategy to provide fleet management solutions to commercial vehicle operators around the world. After acquiring Transics International, we can integrate Wilbur. The company's technical expertise in commercial vehicle systems and its industry-leading safety and efficiency technologies are combined with Transics' world-class fleet management solutions, and are collected through on-board WABCO advanced braking, stability control and efficiency systems. With comprehensive real-time data combined with Transics' innovative telematics services, we will provide fleet operators with rich data resources to increase their fleet service levels, operational efficiency and vehicle safety/efficiency."
Transics International offers comprehensive fleet management solutions that help commercial vehicle operators manage their trucks, trailers, drivers, goods and orders more efficiently and in real time. Currently, Transics International provides services to more than 85,000 vehicles in more than 1,300 road transport and logistics companies in Europe. The company's innovative fleet management solutions help customers improve operational efficiency, service levels and fleet productivity while reducing operating costs.
“We are very honored to join WABCO, the global leader in the commercial vehicle industry,†said Walter Mustelink, CEO and Founder of Transics International. “WABCO and Transics International maintain technological leadership in commercial vehicle safety and efficiency. And it is highly respected globally. Looking ahead, we will combine our superior fleet management solutions with WABCO's advanced R&D capabilities, global coverage capabilities and system integration capabilities to better meet the growing needs of our global customers.â€
WABCO plans to integrate Transics International's business into existing trailer systems, aftermarket and off-highway vehicles. Transics International will continue to use its existing brand operations and, as part of WABCO, provide its leading and comprehensive products and services to major global markets, including the TX-CONNECT platform and its related systems.
“We greatly appreciate the world-class professional competence, technical knowledge and track record of Transics' international team of experts,†said Welchco’s worldwide vice president for trailer systems, aftermarket and off-highway vehicles. “Waewkeko is already We provide a wide range of service solutions for trailer manufacturers, dealers, repair shops, and fleet operators.After acquiring Transics International, we will be able to offer more innovative products, services and solutions portfolios to meet the specific needs of our global customers. â€
Transics International has approximately 280 employees. The company has branches in Belgium, France, Ireland, the Netherlands, Germany, Spain and Italy. Its sales network covers the entire Europe.
WABCO acquired Transas International’s holding company, Tavares NV, in cash and obtained 96.84% of Transics International’s shares. The purchase price was 111.1 million euros, including 15.3 million euros of net cash owned by Transics International, so 95.8 million euros was the actual net purchase price. According to the Belgian M&A Act, WABCO must acquire Transics International’s remaining 3.16% shares unconditionally at a publicly quoted price of EUR 14.14 per share.
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