Siemens Mobility has acquired Canadian-based RailTerm, expanding its existing portfolio with on-the-ground track and signaling, electrification and communication systems servicing expertise that will help in deploying the next generation of rail technologies across the country’s rail networks.
“Canada’s rail industry is poised for unparalleled growth as its major cities introduce safe, efficient and innovative passenger rail services while its freight carriers transition from decades-old mechanical, hardware-based legacy systems to tomorrow’s cloud-based digitalized systems – and Siemens Mobility is one of the few companies in the world that understands the DNA of both systems,” said Yves Desjardins-Siciliano, CEO of Siemens Mobility in Canada. “As so many Canadian cities are moving to upgrade their public transportation infrastructures, we stand ready to help them design, build, finance, operate and maintain these future-enhancing services in the best way possible.”
With the acquisition of RailTerm, Siemens Mobility will build its Canadian business and create jobs in an innovative digital industry. RailTerm is a North American provider of rail services to railroads and transit agencies serving more than 70 clients globally. Its familiarity across Canada’s entire rail spectrum--passenger, freight and industrial rail customers--adds to Siemens Mobility’s knowledge and technologies that are necessary to navigate successfully through Canada’s rail network.
“The RailTerm team is proud to associate with a global industry leader the caliber of Siemens Mobility. This transaction will produce a stronger partner for our clients and an even more exciting place for our people to grow,” said Rob Wheeler, founder and president of RailTerm.
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.
