WABCO Acquires Transics International, an Industry Leader in Fleet Management Solutions

WABCO Acquires Transics International, an Industry Leader in Fleet Management 
Solutions 
- WABCO expands into fast-growing fleet management solutions market  
- Transics International's 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 -- (Marketwired) -- 02/13/14 -- WABCO Holdings Inc.
(NYSE:WBC) (www.wabco-auto.com), a global technology leader and
tier-one supplier to the commercial vehicle industry, today announced
that it has acquired Transics International NV (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 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." 
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 company's innovative suite of fleet management
solutions helps improve 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." 
Transics International has approximately 280 employees. The company
maintains offices in Belgium, France, Ireland, the Netherlands,
Germany, Spain and Italy. It manages a sales network across Europe.  
WABCO has completed the acquisition of 96.84 percent of Transics
International shares by acquiring holding company Tavares NV in a
cash transaction. The purchase price was EUR 111.1 million, which
included the acquisition of EUR 15.3 million of net cash held by
Transics International, resulting in a net consideration of EUR 95.8
million. Pursuant to applicable Belgian takeover rules, WABCO will
make a mandatory unconditional public offer to acquire the remaining
3.16 percent of outstanding Transics International shares at EUR
14.14 per Transics International share. 
About WABCO  
WABCO (NYSE:WBC) is a leading global supplier of technologies and
control systems for the safety and efficiency of commercial vehicles.
Founded nearly 150 years ago, WABCO continues to pioneer breakthrough
electronic, mechanical and mechatronic technologies for braking,
stability and transmission automation systems supplied to the world's
leading commercial truck, bus and trailer manufacturers. With sales
of $2.7 billion in 2013, WABCO is headquartered in Brussels, Belgium.
For more information, visit www.wabco-auto.com. 
About Transics International NV 
Transics International NV, established in 1991, develops and
commercializes fleet management solutions for the transport and
logistics sector. Thanks to many years of experience, thorough R&D
efforts and an intensive focus on the customer experience, Transics
has become the leading European player in its sector and is working
on its global expansion. In addition to its headquarters in Ypres
(Belgium), Transics is active throughout Europe. The company has been
quoted on the stock exchange (EURONEXT BRUSSELS:TRAN) since June
2007. For more information, visit www.transics.com. 
Forward-Looking Statements  
This document contains certain "forward-looking statements" as
defined by the Private Securities Litigation Reform Act of 1995 that
are based on management's good faith expectations and beliefs
concerning future developments. Statements preceded by, followed by
or that otherwise include the words "believes," "expects,"
"anticipates," "strategies," "prospects," "intends," "projects,"
"estimates," "plans," "may increase," "may fluctuate," and similar
expressions or future or conditional verbs such as "will," "should,"
"would," "may" and "could" are generally forward looking in nature
and not historical facts. Actual results may differ materially from
these expectations as a result of many factors. These factors
include, but are not limited to, the actual level of commercial
vehicle production in our end markets, adverse developments in the
business of our key customers, pricing changes to our supplies or
products, and the other risks and uncertainties described in the
"Risk Factors" section and the "Information Concerning Forward
Looking Statements" section of WABCO's Form 10-K, as well as in the
"Management's Discussion and Analysis of Financial Condition and
Results of Operations - Information Concerning Forward Looking
Statements" section of WABCO's Form 10-Q Quarterly Reports. In
addition, in connection with our acquisition of Transics
International, there are risks, as there are with all acquisitions,
that we may not be able to successfully integrate the business, or
that the acquired business will not perform as planned or prove to be
beneficial to our operations and cash flow. WABCO does not undertake
any obligation to update such forward-looking statements. All market
and industry data are based on company estimates.
Contacts:
Media contact: WABCO
Tobias Mueller
+49 69 7191 6834
tobias.mueller@klenkhoursch.de 
Transics International NV
Tinne Baele
+32 57 40 98 20
tinne.baele@transics.com
www.transics.com 
Investors and analysts contact: WABCO Holdings Inc.
Christian Fife
+1 732 369 7465
christian.fife@wabco-auto.com
www.wabco-auto.com
 
 
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