Blog Exposure - WABCO Acquires Remaining Stake of its South African Partnership with Sturrock and Robson Industries

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LONDON, UK / ACCESSWIRE / December 06, 2017 / Active-Investors issued a free report on WABCO Holdings (NYSE: WBC), which is readily accessible upon registration at www.active-investors.com/registration-sg/?symbol=WBC as the Company's latest news hit the wire. On December 04, 2017, the Company declared that it has acquired the remaining 51% interest of its South African partnership with Sturrock and Robson Industries, Pty Ltd ("Sturrock and Robson"). WABCO Automotive South Africa is a partnership between Sturrock and Robson and WABCO Vehicle Control Systems in Germany since 1995. Sign up now for our free research reports at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, WABCO Holdings most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:

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Creation of a Wholly-Owned WABCO Business in South Africa

WABCO will create a wholly-owned WABCO business, WABCO South Africa, following the close of the transaction, on December 01, 2017. This will help the Company to introduce its extended global portfolio, including its recently acquired product lines, to the Sub-Saharan region through WABCO South Africa's wholly-owned distribution center near Johannesburg. The move will further improve its proximity to customers in the region as a whole. WABCO South Africa has its head office as well as a distribution, assembly, and vehicle testing facility in Germiston, near Johannesburg.

The organization will be integrated into WABCO's Trailer Systems, Off-Highway, and Aftermarket Division. Its management team, led by South African Team Leader, Enoch Silcock, remains unchanged. A total of 46 new staff members will join WABCO as part of the transition.

Transition Fulfills WABCO's Strategic Plan to Consolidate its Presence Across African Continent

WABCO has more than 25 years of local experience, a strong leadership team, and now a fully-owned operation. The Company is positioned as a highly attractive partner for companies who seek to grow their own businesses in the Sub-Saharan markets. The transition from a partnership to a wholly-owned operation in South Africa fulfills WABCO's strategic plan to consolidate its presence across the African continent and leverage the many opportunities in those markets. The Company now serves the whole of Africa via wholly-owned operations, providing global resources and local expertise to both local and international customers.

WABCO Acquired Meritor's Interest in Meritor-WABCO Joint Venture

On October 03, 2017, WABCO completed the transaction to purchase Meritor Inc.'s stake in the Meritor-WABCO joint venture and, thereby, took full ownership of the enterprise. The acquisition demonstrated WABCO's commitment to consolidate its operations in North America and unify its businesses under one team and brand, and offering seamless access to the full spectrum of WABCO's industry-leading safety and efficiency technologies. With the completion of the transaction, WABCO fully integrated the former Meritor-WABCO operations into its WABCO North America Business Unit.

About WABCO Holdings Inc.

Founded in 1869, WABCO is a leading global supplier of technologies and services that improve the safety, efficiency, and connectivity of commercial vehicles. The Company continues to pioneer breakthrough innovations for advanced driver assistance, braking, stability control, suspension, transmission automation, and aerodynamics. Headquartered in Brussels, Belgium, WABCO has 13,000 employees in 40 countries.

About Sturrock and Robson Industries, Pty Ltd

Sturrock and Robson operates and manages both wholly-owned companies as well as partnerships and joint ventures. The Company is a fourth-generation family business that operates a portfolio of companies within the industrial sector. The Company operates globally, with primary offices in the UK, The Netherlands, South Africa, Australia, and the USA.

Stock Performance Snapshot

December 05, 2017 - At Tuesday's closing bell, WABCO Holdings' stock declined 2.44%, ending the trading session at $141.20.

Volume traded for the day: 409.10 thousand shares.

Stock performance in the last six-month period – up 13.20%; past twelve-month period – up 31.73%; and year-to-date - up 33.02%

After yesterday's close, WABCO Holdings' market cap was at $7.59 billion.

Price to Earnings (P/E) ratio was at 25.54.

The stock is part of the Consumer Goods sector, categorized under the Auto Parts industry.

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