Siemens Buys Invensys Rail

30 November 2012 Friday, 12:30
Metro Control Centre

Siemens has agreed to buy the rail signalling division of Invensys Rail, the rail automation business of UK-based Invensys, for £1.7bn to expand its presence in the global rail automation market.

Invensys Rail generated revenues of about £800m in the last financial year, ending March 2012.
The transaction, which is subject to regulatory approval and endorsement by Invensys shareholders, is expected to be completed in the second quarter of 2013.
Siemens rail automation business CEO Juergen Brandes said: “The combination of the regional activities, portfolios and customer offerings of Invensys Rail and Siemens will ensure profitable growth opportunities worldwide.”
Invensys Rail has carried out contracts for customers in the UK, Spain, the US and Australia, and in recent years has also expanded its business into emerging regions.

About railwaynews is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.

Make a Comment...

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Wordpress Haber Teması Tasarım ve Programlama: Seçkin Talanöz