Founders Mastelinck and Lemenu responsible for the day-to-day management and keep substantial stake
Transics, the European market leader in on-board computers and fleet management solutions for the transport industry, has announced a change in its ownership structure. 80% of the company's shares have been acquired by The Carlyle Group, one of the largest private equity funds in the world. The existing management, composed of W. Mastelinck and L. Lemenu, will retain the remaining 20% ownership. As co-CEOs, they will also remain responsible for the day-to-day management. The new stock ownership structure will guarantee Transics' independence and its financial stability; it will also help the company to accelerate its internationalisation. To support the expected rate of growth, Transics has plans to increase its workforce by 20% by the end of 2006.
Enormous growth potential
Transics is the market leader in on-board computers and has generated an impressive level of growth over the past year: in 2005 turnover rose by 40%. In recent years, the company has been continuously strengthening its European presence. Transics has experienced strong trading success in the Benelux and France where it holds leadership positions and its sales in Spain, Germany and Sweden are growing steadily. The company is now turning its attention to business ventures in Central European countries, such as Poland and the Czech Republic.
Vladimir Lasocki, Director, and The Carlyle Group said: "Transics is a very attractive company for us, due to its strong market position and dynamic growth profile. The company is growing at a double-digit rate and has succeeded in achieving market dominance in the main European markets. We are confident that Transics, thanks to its first-class team and quality products, has the potential to expand its leadership to the rest of Europe."
Strong and reliable partner
"Carlyle is a strong and solid partner that possesses the resources required to accelerate our growth", said Walter Mastelinck, co-CEO of Transics. "Moreover, its broad network can help open doors for us at the highest levels, in transport and technology circles alike. In other words, we are very pleased that Carlyle is becoming our partner."
Ludwig Lemenu, co-CEO of Transics NV added: "At the operational level nothing will change. Walter Mastelinck and I are still in charge of Transics and the organisational structure remains unaltered. Our objectives and ambitions will not be changing either. The main difference is, however, that we now have a partner that has a long term view. That will undoubtedly improve our corporate continuity, our financial security and our growth."
New vacancies
To further manage and accelerate its European expansion drive, Transics is keen to enlarge its organisation. The company has plans to grow its workforce by 20% in 2006, in the Ypres headquarters as well as in a few of its European branches. The new Transics recruits will strengthen the existing teams in the different departments - R&D, Customer Support, Project Management, Sales,. In this way, Transics will consolidate its leadership position in the European market for on-board computers and fleet management solutions for the transport sector.
Transics NV develops and commercializes on-board computers, software and telematics solutions for the transport and logistics sector. With an installed base of over 27.000 on-board computers, Transics NV is the largest company in its sector. Headquartered in Ypres (Belgium), Transics NV has offices in the Netherlands and France and is also active in Germany, Sweden, and Spain. The company is permanently expanding its European organization.
The Carlyle Group is one of the world's largest private equity firms, with more than $39 billion under management. Carlyle focuses on nine core sectors, including technology & business services, automotive & transportation, telecommunications & media, aerospace & defence, consumer & retail, energy & power, healthcare, industrial and real estate. www.carlyle.com
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