Transics International NV (Transics International) acknowledges that WABCO Europe BVBA (the Bidder) has notified the Belgian Financial Services and Markets Authority (the FSMA) of its intention to launch a mandatory takeover offer in cash for all shares and warrants in Transics International which are not already held by the Bidder or its affiliated persons, to be followed by a squeeze-out bid (the Offer).
The board of directors of Transics International will review the Offer in accordance with its legal obligations in due course, including by way of its memorandum in reply (memorie van antwoord / mémoire en réponse).
A copy of the announcement by the FSMA, published in accordance with article 7 of the Belgian Royal Decree on public takeover offers, is included as an annex to this press release.
Transics International NV, a WABCO company, was established in 1991. Transics develops and commercialises fleet management solutions for the transport and logistics sector. Due to many years of experience, thorough R&D efforts and an intensive focus on the customer experience, Transics has become a European leader in its sector and is working on its global expansion. In addition to its headquarters in Ypres (Belgium), Transics is active throughout Europe. The company has been quoted on the stock exchange (NYSE Euronext Brussels: TRAN) since June 2007.