WABCO Acquires Belgian Telematics Company
WABCO Holdings announced that it has acquired Transics International NV, a European supplier of fleet management technology headquartered in Ypres, Belgium. WABCO purchased 96.84% of Transics International shares by acquiring holding company Tavares NV in a cash transaction valued at approximately €111.1 million.
Transics International’s fleet management systems are designed to help commercial vehicle fleet operators to more efficiently manage their trucks, trailers, drivers, cargo and orders in real-time. It currently serves more than 1300 road transport and logistics companies across Europe connecting over 85,000 vehicles.
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 range of products and services in key markets worldwide.Edit Module