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Press Release26 May 2021Siemens Mobility GmbHMunich
Siemens Mobility acquires RailTerm,
strengthening its footprint in Canada
Grows Siemens Mobility footprint and customer base in Canada
Enhances digital offering and commitment to service availability
RailTerm is a leading provider of rail services serving more than 70 clients
Siemens Mobility is pleased to announce that it is acquiring RailTerm, a Canadian
based transportation company that is a leading provider of rail services to
railroads and transit agencies. This acquisition signals Siemens Mobility’s
intent to grow its Canadian business. RailTerm’s familiarity across Canada’s
entire rail spectrum will allow Siemens Mobility to expand its existing
portfolio with on-the-ground track and signaling, electrification and
communication systems.
Grows Siemens Mobility footprint and customer base in Canada
Enhances digital offering and commitment to service availability
RailTerm is a leading provider of rail services serving more than 70 clients
Siemens Mobility is pleased to announce that it is acquiring RailTerm, a Canadian
based transportation company that is a leading provider of rail services to
railroads and transit agencies. This acquisition signals Siemens Mobility’s
intent to grow its Canadian business. RailTerm’s familiarity across Canada’s
entire rail spectrum will allow Siemens Mobility to expand its existing
portfolio with on-the-ground track and signaling, electrification and
communication systems.
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.