Wabco acquires Transics for $167.2M
WABCO plans to combine Transics's operations with its existing Trailer Systems, Aftermarket and Off-Highway business
BRUSSELS—WABCO Holdings Inc. a global commercial vehicle industry technology supplier, has acquired Transics International NV for EUR111.1 million (CAN$167.16 million).
Transics, a European fleet management solutions provider in Ypres, Belgium, develops and sells technology commercial vehicle fleet operators use to manage their trucks, trailers, drivers, cargo and orders in real-time.
“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 CEO. “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 serves more than 1,300 road transport and logistics companies across Europe connecting over 85,000 vehicles.
WABCO plans to combine Transics’s operations with its existing Trailer Systems, Aftermarket and Off-Highway business. Transics will 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.
Transics International has approximately 280 employees. The company maintains offices in Belgium, France, Ireland, the Netherlands, Germany, Spain and Italy and manages a sales network across Europe.
WABCO is a leading global supplier of technologies and control systems for commercial vehicles with sales of $2.7 billion in 2013.