WABCO (NYSE: WBC), a leading innovator and global supplier of technologies that improve the safety and efficiency of commercial vehicles, announced today that it recently acquired the business of Trans-Safety LOCKS® GmbH (“Trans-Safety LOCKS”), a market leader of security solutions for the transportation industry in Europe. The acquisition enables WABCO to expand its product portfolio associated with its global Fleet Management Solutions (FMS) business and the company’s Intelligent Trailer Program.
Trans-Safety LOCKS offers approximately 20 different high-quality mechanical and electronic locking systems for a broad range of transport vehicles, including trucks, trailers, semi-trailers, armored and construction vehicles, vans, swap bodies, and containers. Trans- Safety LOCKS products help prevent cargo theft which according to an EU Parliament report citing the Transported Asset Protection Association (TAPA) leads to an estimated annual loss of €8.2 billion in Europe.
With the acquisition, WABCO links security solutions devices to WABCO’s own fleet management solutions provider, Transics International. WABCO’s FMS business monitors trucks, trailers, drivers and cargo in real time. WABCO can monitor whether doors on transport vehicles are safely locked. With the acquisition, WABCO is the first and only full systems provider integrating Fleet Management Solutions and remote door lock functionality to serve operators of heavy-duty commercial vehicle fleets. The new functionality helps improve the safety and security of transport vehicles. In addition, it offers further functionality within WABCO’s award-winning Intelligent Trailer Program which encompasses more than 40 safety- and efficiency-enhancing functionalities for trailers to-date, including blind spot detection, tire pressure monitoring, and electronic braking.
Apart from this unique offering, the acquisition harnesses powerful synergies between technology leaders WABCO and Trans-Safety LOCKS. WABCO’s strong global presence provides increased access to growth markets and customers worldwide for Trans-Safety LOCKS products beyond its core market of Europe.
“We are excited to welcome our new employees, formerly associated with Trans-Safety LOCKS, to the WABCO family,” said Nick Rens, WABCO President, Trailer Systems, Aftermarket and Off-Highway Division. “WABCO’s and Trans-Safety LOCKS’s technologies, expertise, and market reach match perfectly. We are well-positioned to add differentiating functionalities to our product portfolio that help prevent the financial and human cost of cargo theft. These solutions are attractive to commercial vehicle fleet operators, Aftermarket customers, and trailer manufacturers alike.”
“We are delighted to join WABCO, a technology leader in the commercial vehicle industry that is known and respected worldwide,” said Pieter Sutorius, former General Manager, Trans-Safety LOCKS GmbH, and retained advisor to WABCO. “This acquisition presents exciting new opportunities for the transport industry, customers, and team members.”
WABCO (NYSE: WBC) is a leading innovator and global supplier of technologies that improve the safety and efficiency of commercial vehicles. Founded nearly 150 years ago, WABCO continues to pioneer breakthrough products and systems for braking, stability, suspension, transmission automation, and aerodynamics. Today, all of the world’s leading truck, bus and trailer manufacturers have WABCO technologies onboard. In addition, WABCO provides the industry with advanced fleet management solutions and aftermarket services. WABCO reported sales of $2.9 billion in 2014. The company is headquartered in Brussels, Belgium, and has 11,000 employees worldwide.
For more information, visit www.wabco-auto.com.
WABCO media contact
Tobias Mueller, +49 89 4702771-12, WABCO@klenkhoursch.de