WABCO Concludes 100 Percent Acquisition of Transics International, an Industry
Leader in Fleet Management Solutions
BRUSSELS, BELGIUM -- (Marketwired) -- 06/10/14 -- WABCO Holdings
Inc. (NYSE: WBC) (www.wabco-auto.com), a leading global supplier of
technologies to improve the safety and efficiency of commercial
vehicles, today announced that it has successfully acquired the
remaining 3.16 percent of Transics International.
As announced on February 13, 2014, WABCO had acquired 96.84 percent
of Transics International shares for a net consideration of EUR 95.8
million. WABCO subsequently made a public offer to acquire the
remaining 3.16 percent of outstanding shares, consistent with Belgian
As a result of the successful takeover procedure completed recently,
WABCO now owns 100 percent of the securities issued by Transics
International NV. This means WABCO paid in net consideration a total
amount of EUR 99.9 million for the 100 percent acquisition of
"We are pleased to complete WABCO's acquisition of Transics
International as planned," said Nick Rens, WABCO Executive Officer
and Vice President, Trailer Systems, Aftermarket and Off-Highway. "We
reiterate that the synergy of WABCO and Transics superbly aligns with
a WABCO strategic objective to further grow business with fleets
around the world as we expand our portfolio of innovative solutions
tailored to the specific needs of our global customer base."
As part of WABCO, Transics International will continue to operate
under its own brand. Based in Ypres, Belgium, Transics International
also has offices in France, Germany, Ireland, Italy, the Netherlands
and Spain, and it manages a sales network across Europe.
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.
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, our ability to successfully integrate any acquired
businesses or our acquired businesses not performing as planned 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. WABCO does not
undertake any obligation to update such forward-looking statements.
All market and industry data are based on company estimates.
WABCO media contact
+49 69 7191 6834
Transics International media contact
+32 57 40 98 20
WABCO investors and analysts contact
+1 732 369 7465
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