Transics, winner of the Flemish Government Prize for the ‘Most Promising Company of 2006’ confirms preparations for an IPO on Eurolist by Euronext Brussels
Transics, one of the largest European players in the field of on-board computers and fleet management solutions for the transport and logistics sector, has realized a top year in 2006. The company tripled its turnover over the past 5 years. In order to continue this growth pattern, Transics intends to strengthen its capital through an IPO.
Fortis and ING have been appointed as Joint Lead Managers. It is expected that the IPO and listing could be completed in the next few months. Further details of the proposed offering will be announced at a later date.
Transics NV develops and commercialises fleet management systems (on-board computers, software and services) for the transport and logistics sector. With more than 35,000 installed on-board computers, Transics is one of the largest European players in its sector. As well as the head office in Ieper (Belgium) and branches in the Netherlands, France, Germany and Spain, Transics is active in Scandinavia and is continually expanding its European organization. In 2006 Transics expanded for the first time in the direction of Eastern Europe with an agency in Poland and the Czech Republic. At the start of 2007 Transics realised the takeover of sector colleague DIS with which it completes its product range. DIS specializes in the development and commercialisation of innovative IT solutions for driving time registration on the basis of tachographs.