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Stock Market & Financial Investment News

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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.
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August 26, 2014
17:17 EDTWBCGentex, Wabco, two others could benefit from driverless cars, Barron's says
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August 14, 2014
07:11 EDTWBCWABCO awarded long-term agreement
WABCO announced that it has been awarded a new long-term agreement by a major manufacturer of commercial vehicles headquartered in Europe. WABCO will supply brake actuator technologies for a new truck platform that will enter into new markets in Southeast Asia. Series production is expected to begin in 2016 at the customer's plant in Thailand. In addition, under the extension of an existing long-term agreement, WABCO's factory in Rayong will continue through 2021 to equip the customer's standardized medium- and heavy-duty truck platform, which is manufactured at its plants in Thailand, India and China.

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