Acquisition strengthens Transics’ leadership in the European fleet management market
Transics International NV, a European market leader in high-end fleet management solutions for the European transport and logistics sector, today acquired the European activities of CarrierWeb. CarrierWeb is, like Transics, a provider of high-end fleet management systems. It serves an installed base of around 10,000 trucks in Europe, which Transics will keep supporting in the future. With this acquisition, Transics strengthens its position in the European market.
CarrierWeb, which was set up in the Netherlands in 2002, has experienced strong growth in Europe, Brazil, the United States and China ever since its establishment. Today, around 10,000 European vehicles are equipped with CarrierWeb on-board computers, mostly in the Netherlands, Germany, Poland and the Czech Republic. This acquisition will help Transics significantly expand its current installed base.
The CarrierWeb group will continue its business outside of Europe. The resources acquired through the sale of its European activities will be invested to drive growth and continued product innovation in the US, Brazil and China.
The consideration paid for the acquisition of the European business amounts to 6.0 million euros, fully paid in cash. In 2010 the acquired operations generated annual revenues of circa 6.4 million euros, of which 4.2 million euros recurring.
Combining expertise and know-how
The acquisition is good news for the more than 400 CarrierWeb European customers and its 30 employees based in Eindhoven and Dublin. The CarrierWeb solution will continue to be supported in the future. “I can’t think of a better fit for CarrierWeb and its customers than Transics,” said Arthur Viegers, co-founder of CarrierWeb, who will also join Transics. “Transics is an established leader that continues to pioneer the market of fleet management solutions. This acquisition will ensure continuity and substantial added value for our customers and our staff.”
Stronger market leader
“The acquisition of this successful, profitable company represents a significant step for Transics in its strategy to accelerate growth,” said Walter Mastelinck, CEO of Transics. “We will now have a greater presence in Europe, where there are still plenty of growth opportunities, and we will benefit from synergies and economies of scale. In addition, I am delighted to increase the expertise of our R&D team by welcoming the R&D staff from CarrierWeb, which is known as an innovator in its field. Altogether, the takeover will make Transics an even stronger player.”
Interesting synergy opportunities
This deal further forges an alliance between both international groups, whereby each retains its own focus and development capability. Transics and CarrierWeb consider potentially lucrative cooperation opportunities, both in the commercial field and with regard to product development.
CarrierWeb develops and markets high-end transport management solutions. Originally set up in the Netherlands in 2002, the company has been growing very quickly, building up a solid customer base in Europe. Based in Atlanta, its activities in the USA and China were initiated in 2004 and 2005, and in April 2005 CarrierWeb acquired Brazilian-based Globaltrac Soluções e Tecnologias Ltda, a distinctive web-based security solutions provider. Currently over 20,000 vehicles around the world have been equipped with a CarrierWeb system. www.CarrierWeb.com
Established in 1991, Transics International NV develops and commercializes 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 market. Headquartered in Ypres (Belgium), Transics is active throughout Europe. The company has been quoted on the stock exchange (Euronext Brussels) since June 2007.