AMSTERDAM--(BUSINESS WIRE)--Sep 30, 2019--

TIP, a portfolio company of I Squared Capital and a leading trailer leasing, rental, maintenance and repair provider across Europe and Canada, has increased its Supervisory Board of Directors to eight members by appointing Detlef Borghardt. His appointment was effective 13 September 2019.

As a supervisory board member of Cube Transportation Europe Coöperatief U.A. - TIP's senior holding company - Borghardt will advise the Board of Directors of TIP on behalf of I Squared Capital. “I am more than excited to be part of the team from now on”, Borghardt said, “The absolute high demands of the company and its management regarding best-in-class services, products, quality and safety fit very well with my own values and fundamental beliefs. My in-depth experience in this industry should support the future global growth and success of TIP as much as possible.”

Borghardt is a senior executive and former CEO of SAF-HOLLAND S.A., a leading supplier of chassis-related systems and components primarily for trailers and semi-trailers, and also for trucks and buses. He has almost 30 years’ experience in the global commercial vehicle and automotive supplier industry.

Bob Fast, President and CEO of TIP, said: “Detlef Borghardt is a true leader and a veteran in the transportation industry. At TIP, our focus is to strengthen our leadership position within the transportation and logistics industry by continuously improving and diversifying the way we do business. With his extensive experience and broad understanding of our industry, I feel very confident that Detlef Borghardt will make a great contribution to the future of TIP.”

Following the appointment of Detlef Borghardt to the Cube Transportation Europe Coöperatief U.A. board, TIP's senior holding company’s Supervisory Board of Directors consists of the following members:

Members of the Supervisory Board

Adil Rahmathulla - Chairman

Mohamed Adel El-Gazzar - Deputy Chairman

Enrico del Prete - Supervisory Director

Thomas J. Donohue - Supervisory Director

Maxime Jacqz - Supervisory Director

David Binks - Supervisory Director

Steven Keith Webber - Supervisory Director

Detlef Borghardt – Supervisory Director

About TIP Trailer Services

TIP Trailer Services is one of Europe’s and Canada’s leading equipment service providers. It specializes in trailer leasing, rental, maintenance and repair, as well as other value-added services, and provides these to transportation and logistics customers across Europe and Canada. Headquartered in Amsterdam, TIP services customers from 102 locations spread over 17 countries in Europe and Canada.

For more information, please visit: https://www.tipeurope.com

About I Squared Capital

I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, telecom, transport, and social infrastructure in the Americas, Europe and Asia. The firm has offices in Hong Kong, Houston, London, Miami, New Delhi, New York and Singapore.

CONTACT: Marc Aandeweg

Vice President Sales & Marketing

+31 (0) 613 114 293

Treasury and Investor Relations Director

+31 (0) 621 105 358

KEYWORD: NETHERLANDS EUROPE

INDUSTRY KEYWORD: AUTOMOTIVE OTHER TRANSPORT TRUCKING RECREATIONAL VEHICLES LOGISTICS/SUPPLY CHAIN MANAGEMENT TRANSPORT

SOURCE: TIP Trailer Services

Copyright Business Wire 2019.

PUB: 09/30/2019 06:00 AM/DISC: 09/30/2019 06:01 AM

Copyright Business Wire 2019.

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