Siemens Mobility has acquired RailTerm, a Canadian provider of track and signaling, traffic control, electrification and communication systems to railroads and transit agencies serving more than 70 clients globally.
Siemens said the acquisition, which is expected close July 1, 2021 and will expand the company’s employee base in Québec and Ontario, “continues its focus on growing its presence in the Canadian market. RailTerm is a trusted partner to passenger and freight rail customers. Siemens Mobility Canada will expand its existing portfolio with on-the-ground servicing expertise that will be instrumental in deploying the next generation of rail technologies across Canada’s vast and expanding rail networks. Railterm’s 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.
“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,” said Yves Desjardins-Siciliano, CEO of Siemens Mobility Canada. “Siemens Mobility is one of the few companies in the world that understands the DNA of both systems. 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.”
“The RailTerm team is proud to associate with a global industry leader the caliber of Siemens Mobility,” said Rob Wheeler, Founder and President of RailTerm. “This transaction will produce a stronger partner for our clients and an even more exciting place for our people to grow.”
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,” the company said. “Following this acquisition, Siemens Mobility Canada will add nearly 200 employees to its growing team.