WABCO Holdings Inc. announced that it has acquired Transics International NV, a fleet management solution headquartered in Ypres, Belgium.

WABCO has completed the acquisition of 96.84 % 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% of outstanding Transics International shares at EUR 14.14 per Transics International share.

“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 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, says the company. 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 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.”