OAKVILLE, Ontario--(BUSINESS WIRE)--Siemens Mobility continues its focus on growing its presence in the Canadian Market. RailTerm is a trusted partner to passenger and freight rail customers. 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 the next generation of rail technologies across the country’s vast and expanding 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,” explained 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 signals its intent to build its Canadian business and create jobs in an innovative digital industry. Canadian born and bred, RailTerm is a leading North American provider of rail services to railroads and transit agencies serving more than 70 clients globally. Their familiarity across Canada’s entire rail spectrum -- passenger, freight and industrial rail customers -- adds to Siemens Mobility’s in-depth knowledge and world class technologies that are necessary to navigate successfully through Canada’s vast 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,” stated Rob Wheeler, Founder and President of RailTerm.
“As a provider of some of the world’s best technologies, Siemens Mobility has learned the benefit that comes from relying on local expertise and knowledge to ensure that the technologies work best for their end-users,” said Desjardins-Siciliano. “We’ve seen local companies benefit from access to more know-how and projects that Siemens Mobility can bring from other markets and, conversely, introducing Canadian companies to its worldwide supply chain.”
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.
For more information, visit https://www.mobility.siemens.com/ca/en/company/newsroom/short-news/siemens-mobility-acquires-railterm-strengthening-its-footprint-in-canada.html
For further information about Siemens Mobility, please see: www.siemens.com/mobility
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.