Siemens Mobility to acquire RailTerm.

Siemens Mobility, a manufacturer of electrical equipment, agreed to acquire RailTerm, a North American corporation which provides rail operation services. Financial terms were not disclosed. “As a provider of some of the world’s best technologies, Siemens Mobility has learned the benefit that comes from relying on local expertise and knowledge to ensure that the technologies work best for their end-users. We’ve seen local companies benefit from access to more know-how and projects that Siemens Mobility can bring from other markets and, conversely, introducing Canadian companies to its worldwide supply chain," Yves Desjardins-Siciliano, Siemens Mobility CEO.