Monday, June 25, 2012

UP sub acquires Ansaldo STS USA division

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PS Technology (PST), a wholly owned subsidiary of Union Pacific Corp., on Monday announced it has acquired the Yard Control Systems division of Ansaldo STS USA.

Boulder, Colo.-based PST says the acquisition boosts its enterprise management capabilities by adding rail yard process control and automation solutions. Based in Norristown, Pa., Yard Control Systems offers railroad classification yard automation and control systems providers throughout North America.

Terms of the transaction were not disclosed.

"Rail yard optimization is important for railroads to increase efficiency, create faster delivery times and help customers compete in a global economy," said Ashok Fichadia, PST CEO. "Efficient yards are critical for managing the forecasted freight rail traffic growth in coming years."

Yards Control Systems will release its latest Star III hump process control system this year; Star III incorporates best-in-class technology and practices for world-class rail yard automation and performance.

"This acquisition will allow us to continue to expand our business of providing railroad industry technology solutions that drive safety, service and efficiency, ultimately bringing greater value to customers," said Ed Williams, PST president. "We are fortunate to retain the entire Yard Control Systems staff to maintain continuity for existing customers and build a strong foundation for future growth."