WABCO 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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WABCO upgraded to Conviction Buy from Buy at Goldman Goldman upgraded WABCO to Conviction Buy with a $126 price target on expectations the company's returns and earnings power will improve in the current cycle.