WABCO Acquires Trans-Safety Locks

WABCO, a global supplier of technologies that improve the safety and efficiency of commercial vehicle, has acquired the business of Trans-Safety LOCKS® GmbH (“Trans-Safety LOCKS”), a market leader of security solutions for the transportation industry in Europe. The acquisition enables WABCO to expand its product portfolio associated with its global Fleet Management Solutions (FMS) business and the company’s Intelligent Trailer Program.

Trans-Safety LOCKS offers approximately 20 different high-quality mechanical and electronic locking systems for a broad range of transport vehicles, including trucks, trailers, semi-trailers, armored and construction vehicles, vans, swap bodies, and containers. Trans-Safety LOCKS products help prevent cargo theft which according to an EU Parliament report citing the Transported Asset Protection Association (TAPA) leads to an estimated annual loss of €8.2 billion in Europe.

With the acquisition, WABCO links security solutions devices to WABCO’s own fleet management solutions provider, Transics International. WABCO’s FMS business monitors trucks, trailers, drivers and cargo in real time. WABCO can monitor whether doors on transport vehicles are safely locked. With the acquisition, WABCO is the first and only full systems provider integrating Fleet Management Solutions and remote door lock functionality to serve operators of heavy-duty commercial vehicle fleets. The new functionality helps improve the safety and security of transport vehicles. In addition, it offers further functionality within WABCO’s award-winning Intelligent Trailer Program which encompasses more than 40 safety- and efficiency-enhancing functionalities for trailers to-date, including blind spot detection, tire pressure monitoring, and electronic braking.