Wabco Holdings Inc. announced that it has successfully acquired the remaining 3.16% of Transics International. Wabco acquired 96.84% of the company in February.
Transics, which will continue to operate under its own brand, is a fleet management solutions provider based in Ypres, Belgium. Transics International also has offices in France, Germany, Ireland, Italy, the Netherlands and Spain, and it manages a sales network across Europe.
“We are pleased to complete Wabco’s acquisition of Transics International as planned,” said Nick Rens, Wabco executive officer and vice president, Trailer Systems, Aftermarket and Off-Highway. “We reiterate that the synergy of Wabco and Transics superbly aligns with a Wabco strategic objective to further grow business with fleets around the world as we expand our portfolio of innovative solutions tailored to the specific needs of our global customer base.”
