GE Transportation has announced the acquisition of Canada-based Iders, an electronic product design and manufacturing company for the rail industry.
As part of the acquisition, customers will get access to a new portfolio of digital solutions. GE will also inherit ongoing product development projects aimed at improving productivity.
GE Transportation's president and CEO Jamie Miller said: “This strategic acquisition marks another milestone for GE Transportation in creating an efficient, self-aware, rail ecosystem that helps customers achieve smarter outcomes made possible by sensor data and analytics.
“This acquisition puts GE in the driver’s seat, allowing for faster innovation and scale, digital breakthroughs, and future enhancements by in-house talent.”
Iders' president Brad Brown said: “We’re proud to bring Iders’ history of innovation and advanced technical expertise to GE Transportation and look forward to the next chapter.
“GE and Iders have developed a successful relationship over the years built on complementary strengths, and we are excited to deepen this alignment.”
Iders focuses on rail products, contract product development services (PDS), and contract electronic manufacturing services (EMS).
Image: GoLINC serves as a platform for writing applications, which help a train's performance. Photo: courtesy of General Electric Company.