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TAL International Group provides update on merger with Triton Container International

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TAL International Group provides update on merger with Triton Container International

TAL InternationalGroup Inc. said the systems platform for the new company to be formedfollowing the completion of its mergerwith Triton Container International Ltd. will be a combination of Triton's TriFleetfleet management system and TAL's PeopleSoft accounting system.

The integration process was started by the IT teams of both companies,according to an April 4 regulatory filing.

TAL also disclosed that work on integration planning for headquartersand support functions has already started. Integration planning is focused on buildingout the target organization structure for the new company and identifying stafffor all levels of the new commercial organization, comparing key processes of eachcompany and determining the optimal processes that will be used for the new company,identifying the key tasks the new company must do from the start to operate effectivelyand to present one unified face to the market and customers before the systems andorganizations are fully integrated, and developing a staffing and office transitionplan.

TAL expects staffing plans for the commercial organization ofthe new company to be ready by the week of April 11, including information aboutthe target transition period for commercial staff that will not have a permanentposition in the new company. The staffing and transition plans for headquartersand back-office staff are expected to be fully developed by the end of April.