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Rail News: M&A
Global Rail Systems Inc. recently reached an asset purchase agreement to acquire Signal Innovations, which provides train detection systems used in Global Rail’s mainline and yard automation products.
Signal Innovations will continue to operate out of Vacaville, Calif., as Global Rail Systems’ West Coast Operations Division.
“Signal Innovations already plays a vital role in our FAS-PAS™ and modular yard automation systems by providing reliable, fail-safe detection technologies,” said Global Rail Chief Executive Officer Tom Schlosser in a prepared statement. “This acquisition represents a major advantage for Global in developing and supporting even more advanced automation systems in the future.”
FAS-PAS (Fail Safe Audible Signal-Power Activated Switch) is designed to enable train crews and dispatchers in dark territory to determine the position of turnouts and activate switches via remote control.
5/18/2007
Rail News: M&A
Global Rail Systems acquires Signal Innovations
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Global Rail Systems Inc. recently reached an asset purchase agreement to acquire Signal Innovations, which provides train detection systems used in Global Rail’s mainline and yard automation products.
Signal Innovations will continue to operate out of Vacaville, Calif., as Global Rail Systems’ West Coast Operations Division.
“Signal Innovations already plays a vital role in our FAS-PAS™ and modular yard automation systems by providing reliable, fail-safe detection technologies,” said Global Rail Chief Executive Officer Tom Schlosser in a prepared statement. “This acquisition represents a major advantage for Global in developing and supporting even more advanced automation systems in the future.”
FAS-PAS (Fail Safe Audible Signal-Power Activated Switch) is designed to enable train crews and dispatchers in dark territory to determine the position of turnouts and activate switches via remote control.
