Vossloh AG has divested its signaling division, which now operates as Apex Rail Automation (Apex), part of the Shackleton Equity Partners portfolio. President David Ruskauff and Vice President of Operations Chris Rabo will continue managing the company. Terms of the deal were not disclosed.
Grass Valley, Calif.-based Apex, formerly Vossloh Signaling USA, designs and manufactures main line track and yard operation products for industrial, Class I and short line railroad, and transit customers, predominantly in North America. Among them: the Modular Yard Automation (MYA) product suite; Automatic Equipment Identification (AEI) for railcar tracking in yards; and industrial crossing warning systems.
“We are excited to operate on a standalone basis allowing us to move quickly and develop new solutions for our customers,” Ruskauff said. “Furthermore, with the support of our new investor, we can invest in our personnel, facilities and working capital. We look forward to an exciting future and strong growth with both our suppliers and customers.”
“Shackleton Equity Partners warmly welcomes Vossloh Signaling to our portfolio of companies,” Managing Partner Mark Schelbert said. “We believe that through key strategic relationships as well as Shackleton Equity’s financial and operational expertise, Vossloh Signaling will be able to live up to its full potential as a preeminent supplier of engineered solutions to the rail industry.”
Shackelton’s portfolio also includes CyberGlove Systems, EMC, EMD Storage, RTI Electronics, SafeHarbor Knowledge Solutions and SMC.