Transics reinforces its management team with experienced HR Officer

Transics, one of Europe’s leading players in fleet management systems for the transport and logistics sector, announces the appointment of Donald Defoort as Chief Human Resources Officer. Donald will use his rich experience to reinforce the Transics team.

Donald Defoort is HR consultant and brings more than 30 years of experience in human resources to Transics. He started his career in the personnel department of Barco where he was later promoted to president human resources and corporate affairs. In 2007 he became an independent HR consultant and performed projects in the field of communication, services and construction.

During his career Donald gained more in-depth knowledge through numerous trainings and developed a personal vision on human resources. The HR management of Defoort is based on two pillars: on the one hand he believes that “competent and motivated employees are one of the most important success factors of each company”; on the other hand he favours the model of “intrapreneurship”, whereby one strives to the far-reaching involvement of the employees. Donald Defoort was in 1996 awarded the title of HR Manager of the Year.

Renewed and proactive HR policy

At Transics Donald Defoort will be responsible for guiding the HR team to a renewed and proactive HR policy. “At this moment the Transics team consists of more than 220 employees and in the coming months approximately 60 vacancies must be filled to support the national and international growth.” Walter Mastelinck, CEO Transics believes that “the coming of Donald Defoort and his years of experience in a similar environment signify for Transics a strong surplus value in the development of a fast-growing organisation”.

Transics International, quoted on Euronext Brussels, develops and commercializes fleet management solutions (on-board computers, software and services) for the transport and logistics sector. With an installed base of over 46,500 on-board computers, Transics is one of the leading European players in its sector. In addition to its headquarters in Ypres (Belgium), Transics will, in 2008, be active in 23 European countries.

Sales Flash – Transics announces 72% growth in revenues* for 2007 and accelerated European expansion

Transics, one of Europe’s leading players in fleet management systems for the transport and logistics sector, delivered 13,697 on-board computers in 2007 and achieved a record turnover of €43.5 million, representing a 72% increase over 2006.

In 2008, the company will continue to focus on growth. In order to seize the massive opportunity it has identified across Europe and to reinforce its European leadership, Transics intends to accelerate the pace of its geographic expansion. The company will support this effort by strengthening its central organisational structure and expanding its European commercial and field presence.

Record revenue in 2007

Transics confirms its growth in H2 2007 with sales for the semester of €24.6 million, representing a 75% increase over H2 2006. Transics shipped 13,697 on-board computers in 2007, substantially up from the 7,833 units in 2006. The total number of Transics on-board computers shipped to date exceeds 46,500. Transics achieved revenues of €43.5 million in 2007, representing a 72% increase over the €25.2 million achieved in 2006. European expansion has played a substantial part in this growth.

From 13 to 23 countries

The intensification of its geographic expansion is one of the key pillars of Transics’ strategic plan for 2008**. The company intends to considerably extend its geographical reach by starting operations in 10 new countries during 2008, bringing the total number of countries where it is present to 23. The new countries in which Transics starts operating are Italy, Portugal, Turkey, Austria, Romania, Hungary, Slovenia and the Baltic States. Transics has a long and successful experience of international expansion and will leverage its regional footprint in Southern and Central Europe. In every new country Transics will replicate its proven strategy of using local sales and consultancy teams supported by a strengthened central organisation at Headquarters.

Exciting Perspectives

“2007 was a great year for Transics, its partners, customers and employees. We saw strong demand for our products and services in both our core historical markets (France and the Benelux) and in new markets in Central and Southern Europe. This is testament to the satisfaction of our customers and the relevance of the value Transics brings them in these days of ever higher energy prices, increasingly complex regulatory environment and ever more stringent customer services requirements. We currently enjoy strong momentum and we believe 2008 will be another year of strong growth of both revenues and profits for Transics as we strive to maintain our product leadership and expand our presence across Europe” said Transics’ CEO, Walter Mastelinck. “Thanks to our experience, product expertise and customer-centric approach, we believe Transics has become the European reference in fleet management solutions for transport and logistics businesses.”

On Friday, 29 February, Transics will announce its annual accounts for 2007.

* Non-audited figures
** Disclaimer: This press release contains forward-looking information which is based on current internal estimates and expectations as well as market expectations. Forward-looking statements contain inherent risks and apply exclusively on the date they are made. The actual results may differ substantially from those included in the forward-looking statements.

Transics International, quoted on Euronext Brussels, develops and commercializes fleet management solutions (on-board computers, software and services) for the transport and logistics sector. With an installed base of over 46,500 on-board computers, Transics is one of the leading European players in its sector. In addition to its headquarters in Ypres (Belgium), Transics will, in 2008, be active in 23 European countries.