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Press Release26 May 2021Siemens Mobility GmbHMunich
Siemens Mobility acquires RailTerm, strengthening its footprint in Canada
“The acquisition of RailTerm strengthens our overall
Rail Infrastructure business in North America and further establishes our
footprint and customer base in Canada, a market we believe has immense potential,” said Michael
Peter, CEO of Siemens Mobility. “Through our world-class
proven expertise in technology, digitalization, and innovation, we believe we
can offer real value for customers in Canada by providing them with
cost-effective, sustainable and reliable transport solutions that will assist
Canadian cities in modernizing and expanding their transportation
infrastructure.”
As a trusted partner to passenger and freight rail customers, RailTerm
serves more than 70 clients around the world. They will greatly assist in
enhancing Siemens Mobility’s ability to deploy its in-depth knowledge and world
class technologies across Canada’s vast and expanding rail networks, as well as
reaching key customers.
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 increase
its number of employees by approximately 200.
Siemens Mobility is a separately managed company of Siemens AG. As a leader in transport solutions for more than 160 years, Siemens Mobility is constantly innovating its portfolio in its core areas of rolling stock, rail automation and electrification, turnkey systems, intelligent traffic systems as well as related services. With digitalization, Siemens Mobility is enabling mobility operators worldwide to make infrastructure intelligent, increase value sustainably over the entire lifecycle, enhance passenger experience and guarantee availability. In fiscal year 2020, which ended on September 30, 2020, Siemens Mobility posted revenue of €9.1 billion and had around 38,500 employees worldwide. Further information is available at:
www.siemens.com/mobility.
Contact
Chris Mckniff
Siemens Mobility GmbH
One Penn Plaza
New York, NY 10119
USA
New York, NY 10119
USA
+1 646-715-6423