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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
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February 12, 2016
09:32 EDTWBCWABCO upgraded to Hold from Sell at Vertical Research
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February 11, 2016
09:01 EDTWBCWABCO sees FY16 performance EPS $5.30-$5.80, consensus $5.99
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06:41 EDTWBCWABCO reports Q4 EPS $1.43, consensus $1.35
Reports Q4 revenue $670.6M, consensus $657.54M.
February 2, 2016
11:01 EDTWBCWABCO acquires MICO Incorporated
WABCO announced that it has acquired MICO Incorporated, a global market leader in hydraulic components, controls and brake systems for heavy-duty, off-highway vehicles in agriculture, construction, mining and similar industries. MICO generated revenues of approximately $52M in 2015 and is headquartered in North Mankato, Minnesota.

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