Siemens Mobility acquired RailTerm, an Oakville, Ontario-based provider of rail services to railroads and transit agencies.
The amount of the deal was not disclosed.
With the acquisition of RailTerm, Siemens Mobility in Canada will expand its existing portfolio with on-the-ground track and signaling, electrification and communication systems servicing expertise that will be instrumental in deploying new rail technologies across the country’s rail networks.
Led by Rob Wheeler, Founder and President, RailTerm is a North American provider of rail services to railroads and transit agencies serving more than 70 clients globally.
Siemens Mobility has been providing solutions to Canada’s transportation industry for more than 40 years, including light rail vehicles in Edmonton and Calgary, modern trainsets that will be delivered to VIA Rail starting in 2021, the electrification of the Kitchener-Waterloo light rail system and signaling and train control for Ottawa’s Trillium line.
Following this acquisition, Siemens Mobility Canada will add nearly 200 employees to its growing team.
FinSMEs
30/05/2021