BERN, Switzerland - July 8, 2019 – WABCO Holdings Inc. (NYSE: WBC), the leading global supplier of braking control systems and other advanced technologies that improve the safety, efficiency and connectivity of commercial vehicles, announced that it has established a new Fleet Solutions organization which will develop solutions designed to further connect today’s complex transportation ecosystem. The new business builds on WABCO’s former Aftermarket and its Digital Customer Services units, delivering an organization that focuses on improving fleet and road transport safety, environmental efficiencies and enables leaner operations.
WABCO’s Fleet Solutions powerfully combines both advanced digital solutions and best-in-class services under one roof. Beyond spare parts and services offering, the expansion of its digital portfolio will be high on the agenda, including a rapid extension of its Internet of Things (IoT) and cloud-based technologies for commercial vehicle fleets and transporters globally. WABCO Fleet Solutions is already developing and delivering several of these innovations today, including solutions for fuel efficiency, downtime reduction, regulatory compliance, workforce management and load optimization, thanks to its advanced Fleet Management Solutions (FMS), Software as a Service (SaaS) and cloud-based technologies.
WABCO Fleet Solutions will seek to further extend its offering in digital services to better connect the many ecosystem players in transport, including parts distributors, maintenance workshops, goods owners, rental companies, payment service providers and vehicle component providers, to mention but a few. The company’s ever expanding digital offering will allow transport operators to continuously improve their connectivity across the ecosystem enabling these to operate in an increasingly leaner, greener and safer manner.
“Modern-day transporters face a multitude of challenges in a world that is fast changing, driven by more regulation, higher customer expectations and fast paced technological change,” explained Philippe Colpron, WABCO Vice President and Global Fleet Solutions Leader. “And it is here that we want to play a key role; with a significant expansion of our digital IoT enabled and cloud based capabilities we aim to deliver new levels of safety and efficiency for transport operators globally. What makes us unique is that we are blending this advanced digital technology with the many best-in-class services we already offer our customers today to ensure all parts of the ecosystem are connected and effective. Our mission in the extensive and complex transport process is to help the commercial road transport industry achieve zero accidents, maximum environmental efficiency and the delivery of radically leaner operations across their business.”
Included in the Fleet Solutions portfolio will be WABCO’s extensive and leading Fleet Management System suite, the recently launched TX-FUELCOMPASS™, TX-TRAILERPULSE™ and TX-TRAILERFIT™, Remote Diagnostics, a growing portfolio of advanced retrofit solutions, WABCO Academy and an extensive selection of replacement parts including OE original, Remanufactured Parts, a range of reliable budget parts called ProVia and a wide offering of repair kits distributed across more than 115 countries by over 4,600 distribution points and supported by a network of 3,100 official WABCO Service Partners.
“Every kilometer driven has a cost attached to it, every fleet wants to optimize its trailer space, reduce potential theft, save on vehicle costs, reduce expensive and unexpected downtime, ensure regulatory compliance and optimize the utilization of its remote assets,” added Colpron. “These are the basics that ensure that fleet and transport operators can continue to be profitable and it is these areas in which we will operate, offering one of the widest, most complete portfolios in the sector that combines the strength of both advanced on-board technologies and an ecosystem of automation solutions, with an extensive integrated global service network. And as the industry evolves, we are working to stay ahead of change to enable our customers to transition, benefit from, and be successful in an ever changing transportation world.”
In support of driving improved market proximity and in a push to reflect the globally diverse sector it services, WABCO Fleet Solutions' 900-strong team operates from over 45 markets - represented by over 30 nationalities worldwide - enabling it to be as close to its customer base as possible.
The introduction of WABCO Fleet Solutions anticipates a rapidly changing transport industry where global mega-trends such as population growth, the Internet of Things, higher customer expectations and a push towards sustaining a greener world, combined with increasingly demanding customer requirements for flexibility, speed and safety are putting further pressure on supply chains and fleet profitability. As the commercial vehicle industry moves decisively towards increasingly autonomous, connected and electric vehicles to meet these challenges, WABCO’s Fleet Solutions organization will drive the technological advancement that will continue to enable smarter operations across the commercial road transport ecosystem.
“We have built this new organization for and around our customers and their needs,” Colpron concluded. “We are delivering a portfolio of solutions that allows transporters and the ecosystem around them to turn to one partner which will support their ambitions around leaner, greener and safer operations. It’s a complex task which will require the involvement and support of a significant number of technology and cross-industry partners, delivering expertise from the many different segments that service this space. We are already actively working with many of these partners today, but also openly invite all players who feel they can add value to our mission to reach out to us. Creating a single functional ecosystem around transport operations will require the minds, experience and capabilities of many.”
WABCO (NYSE: WBC) is the leading global supplier of braking control systems and other advanced technologies that improve the safety, efficiency and connectivity of commercial vehicles. Originating from the Westinghouse Air Brake Company founded nearly 150 years ago, WABCO is powerfully “Mobilizing Vehicle Intelligence” to support the increasingly autonomous, connected and electric future of the commercial vehicle industry. WABCO continues to pioneer innovations to address key technology milestones in autonomous mobility and apply its extensive expertise to integrate the complex control and fail-safe systems required to efficiently and safely govern vehicle dynamics at every stage of a vehicle’s journey – on the highway, in the city and at the depot. Today, leading truck, bus and trailer brands worldwide rely on WABCO’s differentiating technologies. Powered by its vision for accident-free driving and greener transportation solutions, WABCO is also at the forefront of advanced fleet management systems and digital services that contribute to commercial fleet efficiency. In 2018, WABCO reported sales of over $3.8 billion and has more than 16,000 employees in 40 countries. For more information, visit www.wabco-auto.com.
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