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Stock Market & Financial Investment News

News Breaks
April 25, 2014
06:40 EDTWBCWABCO reports Q1 EPS $1.28, consensus $1.26
Reports Q1 revenue $729.5M, consensus $688.04M. Jacques Esculier, WABCO chairman and CEO."In Q1, even though levels of truck and bus production in different regions around the world remained uncertain and volatile, we further increased WABCO content per vehicle and grew market share, generating nearly 10% of market outperformance globally. In Q1, WABCO set a new quarterly record for global aftermarket sales, even excluding consolidated results from Transics International, a leading provider of fleet management solutions in Europe that we acquired in mid-February 2014."
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July 14, 2014
06:36 EDTWBCWABCO announces major deal in Saudi Arabia
WABCO announced that its newly acquired fleet management solutions, or FMS, company, Transics International, signed a groundbreaking contract with Saudi-Arabia based Almarai, one of the world's largest dairy companies. The contract marks the dynamic global expansion of Transics, a market leader in Europe, after WABCO acquired the company in February. Transics will equip Almarai's entire long-haul vehicle fleet of more than 1,300 trucks with its industry-leading fleet management system, thereby, helping the food company to further enhance its fleet's safety performance and operational efficiency. Starting in August, Transics will upgrade Almarai's trucks with advanced TX-SKY on-board computers and install its web-based back office system TX-CONNECT for efficient truck, driver, trailer and cargo management. Transics expects to furnish Almarai's entire fleet of long-haul trucks by 2Q15.

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