Search results
Results from the WOW.Com Content Network
On 28 November 2012, Invensys agreed to sell its rail arm to Siemens AG for £1.7bn. The sale was completed on 2 May 2013, and the group was amalgamated with the Siemens’ Rail Automation Business Unit in the Mobility and Logistics Division , which in turn a part of Infrastructure & Cities sector of Siemens.
Invensys Rail was ultimately sold to the German engineering conglomerate Siemens in exchange for £1.7 billion in May 2013. Between 2011 and early 2012, the company's share price fell by nearly 50%, which was attributed to a £40 million expense from the delayed production of control and safety systems for eight Chinese nuclear reactors .
Safetran was founded in 1920 [4] when Safetran's predecessors started developing and fielding products for the growing railroad infrastructure (See Timeline of United States railway history for details about the significant development of the United States' rail infrastructure.)
It involved Safetran Systems, (part of Invensys Rail) with the crossing's application development, site mock-up, and preliminary factory testing taking place in Rancho Cucamonga, California in an in-house project called "Brighton Park / Pershing Main." In addition to the full automation of the crossing, additional interlocked crossovers would ...
In November 2012, Siemens acquired Invensys Rail for £1.7 billion. [ 7 ] In July 2017, Siemens confirmed it had taken over Hannover -based software company HaCon , to be managed as a separate legal entity.
East Rail line: 6 February 2021: Siemens Trainguard MT CBTC: Replaced the Alstom TBL system which used ATO since 2002 West Rail line: 20 December 2003: SelTrac: Ma On Shan line: 21 December 2004: India: Ahmedabad Metro: East-West Corridor: 4 March 2019: Nippon Signal SPARCS: North-South Line: 6 October 2022: Chennai Metro: Blue Line: 21 ...
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
On 2 May 2013, the acquisition of Invensys Rail by Siemens was successfully completed. [4] [5] On 1 July 2013, the new company name for Invensys Rail Limited became 'Siemens Rail Automation Limited', with Westinghouse Brake & Signal Holdings becoming Siemens Rail Automation Holdings Limited. With this, the Westinghouse name disappeared from the ...