BELGIUM - Carlyle acquires 80% of Transics NV

Wietske Blees
22 May 2006

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The Carlyle Group has announced that it has acquired an 80% stake in Transics NV, together with the founders and co-chief executive officers, Walter Mastelinck and Ludwig Lemenu. The transaction signifies the third investment from its European technology fund, Carlyle Europe Technology Partners, which is dedicated to small buyout transactions and growth capital investments in European technology companies with an enterprise value of EUR 25m to EUR 250m.

Transic NV is a specialist provider of advanced fleet management solutions for the European road transport industry, including on-board computers, software programs and associated services. It is market leader in the Belgian, French and Dutch markets and currently has more than 800 customers in Belgium, France, the Netherlands, Spain, Sweden, Germany and Poland. The company was founded in 1991, is headquartered in Ypres, and employs approximately 100 staff.

Carlyle was attracted by the company's solid market position and growth profile and believes the company is capable of growing faster than the overall fleet management solutions market, which is already growing at double-digit rates. The partnership plans to grow the business further through geographic expansion in Europe, particularly in Germany, Spain, Sweden and Central Europe, and by increasing the range of services it offers to its customers.