WABCO acquires Transics International

WABCO acquires Transics International

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.”

You May Also Like

Decisiv adds SRM Sentinel Managed Care to TICO Edge

According to Decisiv, the new addition to the service management platform lets customers to proactively meet service needs and improve uptime.

Decisiv-TICO-TMC-2024-Dick-Hyatt

Decisiv Inc., a provider of Service Relationship Management (SRM) solutions, announced at the TMC 2024 Annual Meeting, that its Decisiv SRM Sentinel Managed Care application has been added to the TICO Edge platform. Decisiv says the addition of SRM Sentinel allows the manufacturer’s dealer network, customers and the TICO Uptime Center to collaborate in real-time for service and repairs.

Noregon announces ZF tractor, trailer telematics collaboration

The two companies demonstrated an early version of the paired telematics collaboration at the TMC 2024 Annual Meeting.

Noregon-TMC-ZF-partnership-telematics
The new Volvo VNL’s connectivity aims to boost productivity, streamline maintenance

Real-time fleet monitoring, remote updates, and extended service intervals for optimized truck performance.

Volvo-connectivity-service-TMC-1400
Pressure Systems International introduces new Geotab Marketplace offering

TireView LIVE integrates with Geotab, providing real-time tire monitoring, analytics and tire management.

PSI-TireViewLive-Geotab-TMC
Serjon highlights cybersecurity training as tech connects trucks

After successful attacks on large fleets, Serjon says it’s important to keep all employees trained on detecting cybersecurity threats.

Trailer Telematics-cybersecurity-attacks-hacking-safety

Other Posts

Intangles introduces diesel particulate filter solution to optimize regeneration

The new solution offers real-time soot monitoring, regeneration quality insights and predictive performance analytics.

Intangles-diesel-particulate-filter-TMC-1400
Technical Achievement Awards finalists

The panel selected 3 product finalists for the award, and will announce the winner at this year’s TMC meeting.

Truck-writers-technical-acheivement-award-2023-winner
Phillips Connect partners with Noregon

The companies joined forces to integrate Connect1 trailer data into the TripVision Remote Diagnostics system.

Phillips-connect-Noregon
Clearing congestion: Geotab ITS launches interactive traffic insights

As online orders rise, traffic backups follow. Geotab is now aiming to clear congestion by optimizing last mile delivery.

generic-data-tracking-last-mile-delivery-Geotab-ITS