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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 .
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 ...
Express Rail Link: KLIA Ekspres: 14 April 2002: Bombardier CITYFLO 550: KLIA Transit: Rapid KL: KL Monorail: 31 August 2003: Philippines: Manila Light Rail Transit System: Line 2: 5 April 2003: Saudi Arabia: Mecca Metro: Al Mashaaer Al Mugaddassah Metro line: 13 November 2010: SelTrac: South Korea: Busan Metro: Line 1: 19 July 1985: Line 2: 30 ...
Westinghouse Rail Systems' origin is in the signals division of Westinghouse Brake and Signal Company, which was founded as Westinghouse Brake & Saxby Signal Company in 1920. Hawker Siddeley purchased that company in 1979 and sold it to BTR plc in 1992. [1] In 1999, BTR merged with Siebe to form Invensys. [1]
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.)
CBTC is a signalling standard defined by the IEEE 1474 standard. [1] The original version was introduced in 1999 and updated in 2004. [1] The aim was to create consistency and standardisation between digital railway signalling systems that allow for an increase in train capacity through what the standard defines as high-resolution train location determination. [1]
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 ...