The Board of Directors of Transics International NV (Transics International) was informed by Mr Rudy Everaert (representing RLE & Partners BVBA), a non-executive director of Transics International, representing ING AM Insurance Companies B.V. (ING AM), of his resignation as director of Transics International with immediate effect.

This resignation is to be understood in the context of the share purchase agreement that has been concluded between Tavares and ING AM on the 21st of November 2013, whereby Tavares acquired all the shares of Transics International that were held by ING AM.

The Board of Directors of Transics International wants to thank Mr Everaert for his dedication as director of Transics International.

Transics International NV, established in 1991, develops and commercialises fleet management solutions for the transport and logistics sector. Thanks to many years of experience, thorough R&D efforts and an intensive focus on the customer experience, Transics has become the leading European player in its sector. In addition to its headquarters in Ypres (Belgium), Transics is active throughout Europe. The company has been quoted on the stock exchange (Euronext Brussels) since June 2007.

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