Total value of the offering increases to 46 million euro
Transics, one of the prominent European players in the field of on-board computers and fleet management solutions for the transport and logistics sector and ‘Promising Enterprise of the Year 2006’ announces that, in the framework of its successful IPO on Eurolist by Euronext Brussels, the over-allotment option has been exercised by Lead Manager ING, acting on behalf of and in the name of the Joint Lead Managers Fortis and ING.
Within the framework of the IPO Lead Manager ING was granted an over-allotment option. ING has exercised this option today, in name of and for the account of the Joint Lead Managers Fortis and ING, and has purchased 342,857 additional shares Transics International from CETP Transics and the founders. The option was exercised at the subscription price of 17.5 euro per share.
With the exercising of the over-allotment option the total value of the offering increases to 46 million euro.
For more information, please contact:
Walter Mastelinck, CEO Transics,
Tel: +32 57 34 61 71; email@example.com
Ludwig Lemenu, Executive Director Transics,
Tel: +32 57 34 61 71; firstname.lastname@example.org
Nathalie Verbeeck, Senior Consultant Citigate,
Tel: +32 2 713 07 32; email@example.com
Transics International 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 leading 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.