New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 13, 2014
06:27 EDTWBCWABCO acquires Transics International for EUR 111.1M
WABCO Holdings announced that it has acquired Transics International NV. Transics. WABCO plans to combine Transics International's operations with its existing Trailer Systems, Aftermarket and Off-Highway business. Transics International will continue to operate under its own brand and, as part of WABCO, will offer its comprehensive range of market-leading products and services in key markets worldwide, including its TX-CONNECT platform and suite of related systems. WABCO has completed the acquisition of 96.84% of Transics International shares by acquiring holding company Tavares NV in a cash transaction. The purchase price was EUR 111.1M, which included the acquisition of EUR 15.3M of net cash held by Transics International, resulting in a net consideration of EUR 95.8 million. Pursuant to applicable Belgian takeover rules, WABCO will make a mandatory unconditional public offer to acquire the remaining 3.16% of outstanding Transics International shares at EUR 14.14 per Transics International share.
News For WBC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
March 25, 2015
10:32 EDTWBCWABCO expands engineering capabilities in North America
WABCO recently expanded its engineering capabilities in North America. The company opened a new commercial vehicle development and testing facility in Rochester Hills, Michigan to help develop the next-generation safety and efficiency technologies for trucks, buses and trailers. WABCO has invested $1.5M and built an advanced 4,400-square-foot site to support the work of more than 50 engineers involved in the innovation and development of new products and systems for commercial vehicle manufacturers and fleet operators in North America. Earlier today, WABCO also announced a $17M investment to build a new manufacturing facility in Charleston, South Carolina (USA). The company will localize the production of its advanced air disc brake systems to meet increasing customer demand alongside transferring compressor production to the new facility.
10:03 EDTWBCWABCO to invest $17M to build manufacturing site in Charleston, SC
Subscribe for More Information
07:12 EDTWBCWABCO makes $20M strategic inestment in SmartDrive Systems
WABCO has further strengthened its partnership with SmartDrive Systems. WABCO invested $20M in SmartDrive Systems and will jointly develop next-generation, video-based analytics solutions for commercial vehicle fleets worldwide. WABCO made the announcement leading up to the 2015 Mid-America Trucking Show, one of the largest heavy-duty trucking industry events in the world, held from March 26-28, in Louisville, Kentucky. This partnership harnesses the extensive capabilities and know-how of two industry leaders to help further enhance the safety and efficiency of fleet operators worldwide. WABCO pioneers advanced safety and efficiency technologies for truck, bus and trailer manufacturers and fleets. SmartDrive Systems offers unequaled expertise in driver and vehicle data and video analysis. WABCO and SmartDrive Systems will combine their breakthrough products and services to offer a new level of functionality and support. SmartDrive Systems offers real-time, video-based driving performance insights and analytics integrating information from data-rich vehicle systems such as WABCO's advanced braking and stability control technologies into its offerings in real-time. SmartDrive Systems maintains a database of more than 100M analyzed risky driving events that enable predictive analytics and real-time risk identification. This information can help fleets to identify and reduce potentially hazardous driving maneuvers and improve overall operating efficiency.
06:43 EDTWBCWABCO signs long-term supply agreement with Hendrickson
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use