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6/16/2022
Wabtec Corp. yesterday announced it acquired Collins Aerospace’s ARINC Inc. rail solutions business segment. Financial terms were undisclosed. ARINC’s rail solutions support transit, regional, intercity, commuter, subway and light-rail systems in United States and Canada. The solutions include dispatch and back-office capabilities with fully integrated train control and positive train control, control center integration and customer information systems, as well as cybersecurity and life-cycle management solutions. ARINC’s RailwayNet product provides connectivity to the Interoperable Train Control (ITC) Federated Network that supports PTC messaging, including full message functionality, back-office, and operations center services, system monitoring and support. "ARINC'S rail solutions systems, coupled with Wabtec's digital and electronics portfolio, will accelerate the industry's journey of rail optimization," said Nalin Jain, president of Wabtec's digital electronics business, in a press release.
Koppers has hired Kevin Washington as vice president of external affairs. He will manage relationships with federal state and local government agencies, lead the company’s legislative and regulatory public policy strategy and engage with local communities and key stakeholders. He will also oversee corporate communications. Additionally, Washington will join the Koppers Leadership Council. Most recently, Washington served as head of government affairs at Illinois Tool Works Inc., a manufacturer of industrial products and equipment.
Engineering firm Ricardo PLC announced a strategic alliance agreement with MxV Rail that will combine the two companies’ engineering and testing capabilities. The agreement will focus on collaborating in technical areas such as systems integration, safety performance and the decarbonization of rail transportation. Ricardo leaders hope the partnership will open new opportunities in North American markets, Ricardo officials said in a press release.