WABCO Expands Its Fleet Management Solutions Business With Major Deal in Saudi
Arabia; Delivers on the Promise of Transics Acquisition
BRUSSELS, BELGIUM -- (Marketwired) -- 07/14/14 -- WABCO Holdings
Inc. (NYSE: WBC) (www.wabco-auto.com), a global technology leader and
tier-one supplier to the commercial vehicle industry, announced today
that its newly acquired fleet management solutions (FMS) company,
Transics International, signed a groundbreaking contract with
Saudi-Arabia based Almarai, one of the world's largest dairy
companies. The contract marks the dynamic global expansion of
Transics, a market leader in Europe, after WABCO acquired the company
in February 2014.
Transics will equip Almarai's entire long-haul vehicle fleet of more
than 1,300 trucks with its industry-leading fleet management system,
thereby, helping the food company to further enhance its fleet's
safety performance and operational efficiency. Starting in August
2014, Transics will upgrade Almarai's trucks with advanced TX-SKY
on-board computers and install its web-based back office system
TX-CONNECT for efficient truck, driver, trailer and cargo management.
Transics expects to furnish Almarai's entire fleet of long-haul
trucks by the second quarter of 2015.
"As a result of WABCO's strategic acquisition of Transics, customers
can leverage the powerful combination of Transics' fleet management
solutions with WABCO's commercial vehicle systems expertise,
industry-leading safety and efficiency technologies and global
reach," said Nick Rens, President, Trailer Systems, Aftermarket and
Off-Highway Division. "With this contract, we are demonstrating
Transics' ability to reach beyond its core market of Europe to
deliver differentiating fleet management solutions to a large-scale
commercial vehicle fleet operator in Saudi Arabia."
Transics' Fleet Management Solution will enable Almarai to monitor
its entire fleet of trucks in real time, using valuable information
on location, route adherence, vehicle speed and delays to support key
operating decisions. In addition, the system captures data on driver
behaviors such as braking, speeding, signaling and evasive maneuvers.
The Transics' solution now means that Almarai has a direct link
between trucks, drivers and its home office. Furthermore, Transics'
FMS offering seamlessly integrates with Almarai's own transport
management software (TMS).
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.
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