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June 26, 2013

Siemens expands rail automation portfolio with acquisitions

Siemens has acquired Sky Eye Transportation Systems and SONA BLW Präzisionsschmiede's marshalling yard technology business, expanding its portfolio in the rail automation solution.

By admin-demo

Siemens Head Quartes

Siemens has acquired Sky Eye Transportation Systems and SONA BLW Präzisionsschmiede’s marshalling yard technology business, expanding its portfolio in the rail automation solution.

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The company has strengthened its IT expertise with the acquisition of Sky Eye Transportation Systems, which specialises in planning, dispatch, crew and fleet management technology.

Located in Braunschweig, Germany, the business will be integrated into the Rail IT Segment of the Rail Automation Business Unit at Siemens Mobility Logistics.

Siemens Mobility and Logistics CEO Sami Atiya said the company is strengthening its skills in crew and fleet management and complementing its cargo portfolio.

"This means that Siemens can now cover every segment of rail automation for mass-transit and mainline services, as well as for freight and mining operators, and offer leading solutions and technologies for rail operators throughout the world," Atiya said.

"The company has strengthened its IT expertise with the acquisition of Sky Eye Transportation Systems."

Siemens second acquisition is of SONA BLW Präzisionsschmiede’s marshalling yard technology business, which is expected to be completed in July 2013.

The marshalling yard technology business located in Duisburg, Germany, will allow Siemens to provide hydraulic retarders and control systems from a single source.

Following completion of the transaction, the business will be integrated into Siemens Rail Automation’s new Freight & Products Segment.

Siemens had already equipped SONA BLW Präzisionsschmiede’s retarder systems with control units for complete solutions.

Siemens has already acquired the rail signalling division of Invensys Rail, the rail automation business of UK-based Invensys, for £1.7bn to expand its presence in the global rail automation market.


Image: Siemens’ acquisition of Sky Eye Transportation Systems and SONA BLW Präzisionsschmiede’s marshalling yard technology business will expand its portfolio. Photo courtesy of Rufus46.

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IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
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