Further to recent articles in the press and at the request of the CBFA pursuant to article 8, §1 of the royal decree of April 27, 2007 on public takeovers, Transics wishes to communicate that in accordance with its expansion strategy, it regularly investigates internal and external growth opportunities, whereby it enters into contact with various third parties.
To the extent these growth opportunities may lead to value creation and correspond with its strategy and strict financial criteria, Transics is willing to further investigate and elaborate these.
In this respect Transics confirms that it held in the past preliminary and exploratory discussions with respect to a possible transaction in respect to Punch Telematix, the shares of which are admitted to trading on Euronext Brussels. These discussions have thus far not led to any agreement or formal engagements, except for the customary confidentiality undertakings.
To the extent these discussions would lead to binding agreements or foreknowledge, Transics shall inform the public thereof accordance with the applicable rules.
Transics International NV, established in 1991, develops and commercialises high-end fleet management solutions for the transport and logistics sector. Thanks to many years of experience, thorough R&D efforts and an intensive focus on the customer experience, Transics has become the leading European player in its sector. In addition to its headquarters in Ypres (Belgium), Transics is active throughout Europe. The company has been quoted on the stock exchange (Euronext Brussels) since June 2007.