C.h. Robinson Worldwide, Inc. · NASDAQ:CHRW
C.h. Robinson Worldwide — Merger or Acquisition (October 2012)
6 slides from C.h. Robinson Worldwide's merger presentation, Oct 17, 2012
Slide 1: Sale of T-Chek Systems, Inc. Conference Call
Sale of T-Chek Systems, Inc. Conference Call October 16, 2012 John Wiehoff, Chairman & CEO Chad Lindbloom, CFO Exhibit 99.2
Slide 2: Call Agenda
2 Call Agenda • Overview of T-Chek • Transaction summary • Strategic rationale
Slide 3: T-Chek Systems, Inc.
3 T-Chek Systems, Inc. • Wholly-owned subsidiary of C.H. Robinson since 1984 • Payment services: funds transfer, fuel purchasing, vendor payment and expense management tools • Major customer segments: truckload and less-than-truckload carriers; private fleets; truckstop chains • For the trailing 12
Slide 4: Sale price: $302.5 million in cash
Sale price: $302.5 million in cash EFS acquired the on going business of T-Chek by acquiring certain assets and assuming certain liabilities C.H. Robinson will continue to buy services from T-Chek to advance funds to its contract carriers and employee expense card services Timing: closed October 16,
Slide 5: Strategic Rationale
5 Strategic Rationale • Significant changes in payment services industry • Consolidation • Increasing importance of scale • Evolving toward financial services • People • EFS expects to retain a Minnesota presence • EFS will work closely with T-Chek senior leadership to integrate the companies
Slide 6: C.H. Robinson
3) C.H. ROBINSON
C H Robinson Worldwide — Merger or Acquisition (October 2012) on 6ix