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WABCO Acquires Transics International, An Industry Leader
In Fleet Management Solutions
|||WABCO expands into fast-growing fleet management solutions market|
|||Transics Internationals innovative telematics solutions help improve operational efficiency, lower cost for commercial vehicle fleet operators|
|||WABCO obtains 96.84 percent of Transics International shares by acquiring holding company Tavares NV for EUR 111.1 million|
BRUSSELS, Belgium February 13, 2014 WABCO Holdings Inc. (NYSE: WBC), a global technology leader and tier-one supplier to the commercial vehicle industry, today announced that it has acquired Transics International NV (NYSE Euronext Brussels: TRAN), a market leader in 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 WABCOs 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 WABCOs 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.
Transics International provides seamless fleet management solutions that help commercial vehicle fleet operators to effectively and more efficiently 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 companys innovative suite of fleet management solutions helps improve operational efficiency, customer service and fleet productivity while lowering operating costs.
The following information was filed by Wabco Holdings Inc. (WBC) on Thursday, February 13, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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