Rail

Siemens acquires Invensys Rail

Posted on May 15, 2013

Siemens Rail Automation closed its acquisition of Invensys Rail, expanding the company’s footprint in the global rail automation market and strengthening its technology offerings, including Positive Train Control solutions. Invensys Rail will be integrated into the rail automation business of the Mobility and Logistics Division.

Siemens has also signed agreements to acquire the railway yard retarder business from SONA and completed the acquisition of SkyEye Transportation Systems, improving the company’s range of IT solutions for transportation planning and scheduling tasks.

“Rail infrastructure is essential to the movement of people and goods in the U.S.,” said Roland Busch, CEO of the Siemens Infrastructure & Cities Sector and member of the managing board of Siemens AG. “Combining two of the strongest organizations in the market allows us to strengthen the core business of Siemens’ Infrastructure & Cities Sector and best serve the country’s rail needs.”

Former Invensys Rail President/CEO John Paljug will become head of Siemens U.S. Rail Automation business, headquartered in New York, N.Y. More than 500 Invensys employees will be joining Siemens Rail Automation as a result of the acquisition, including 300 in Louisville, Ky. and 210 in Marion, Ky.

View comments or post a comment on this story. (0 Comments)

Post a Comment

Post Comment

Comments (0)

Please sign in or register to .    Close