WABCO : Fleet Solutions Supports TIP Trailer Services with Advanced Connectivity for TIP’s Connected Fleet Strategy

BERN, Switzerland, July 19, 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, and TIP Trailer Services, one of Europe's and Canada's leading equipment service providers, announced today the start of their innovative collaboration to fulfill TIP's digitization strategy by connecting its fleet.

Headquartered in Amsterdam, TIP operates a fleet of 70,000 trailers which are available for full-service leasing and rental to transportation and logistics customers across 16 European countries and Canada. Customized maintenance contracts and other value-added service agreements ensure TIP's customers transporting goods are kept on the move all over Europe and Canada. The agreement with WABCO will see TIP trailers upgraded with advanced trailer telematics and digital fleet management services providing the best solutions for TIP's various trailer types. This includes not only track and trace capabilities, but also remote trailer health and diagnostics functionalities, as well as safety features such as tire pressure monitoring and cold chain management that support leaner, greener and safer fleet operations.

'With our full-service contracts, we offer the highest levels of safety and efficiency of our trailers on the road. This includes service scheduling, maintenance, worn parts replacement and uptime performance management,' said Bob Fast, CEO of TIP Trailer Services. 'Connecting our fleet with WABCO's full range of telematics, IoT and connected services, gives us the opportunity to implement a fleet-wide platform that is suited to all our asset types and brands. It will enable new data and analytics services which will further upscale our value offering to fleets', added Fast.

'WABCO is delighted to be collaborating with TIP Trailer Services to help support their success through improved asset management and their digital transition,' said Peter Bal, WABCO Business Leader Fleet Solutions EMEA. 'Building on this long-term collaboration and TIP's advanced new connectivity capabilities we are looking forward to working together to create new opportunities for growth and innovation. Sharing our technology and business expertise, resources and data analytics capabilities, WABCO and TIP will jointly drive an innovation roadmap to build first-class, fleet-centric and big data driven services,' concluded Bal.

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©TIP Trailer Services
Press Photo / Caption: TIP Trailer Services will equip its fleet of 70,000 trailers with WABCO's comprehensive suite of digital Fleet Management Solutions, taking its services to the next level.

About WABCO
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.

About TIP Trailer Services
TIP Trailer Services is one of Europe's and Canada's leading equipment service providers. We specialize in trailer leasing, rental, maintenance and repair, as well as other value-added services, and provide these to transportation and logistics customers across Europe and Canada. Headquartered in Amsterdam, we service our customers from 102 locations spread over 17 countries in Europe and Canada. For more information, visit www.tipeurope.com.

TIP Global Media Contact
Marc Aandeweg, + 316 13 114 293, marc.aandeweg@tipeurope.com

WABCO EMEA Media Contact
Alison Stokes, +32 476 34 1786, alison.stokes@wabco-auto.com

WABCO Global Media Contact
Nina Friedmann, +49 69 719 168 171, wabco@klenkhoursch.de