Siemens makes equity investment in Wi-Tronix

Siemens and Wi-Tronix, headquartered in Bolingbrook near Chicago, U.S. are launching a partnership to expand digital predictive maintenance for rail services. Through the integration of their technologies, and joint development of new innovations, the companies seek to move the industry toward the objective of one hundred-percent availability of safe, efficient service. Siemens has made a significant equity investment in Wi-Tronix. Both companies have agreed to maintain confidentiality regarding financial details of the deal.
“Wi-Tronix is a leading innovator in real-time monitoring for rail. Partnering with developers of exceptional technologies is a key part of our strategy to deliver expansive digital services for predictive maintenance,” said Johannes Emmelheinz, CEO of Customer Services at Siemens Mobility Division.
Wi-Tronix is a provider of remote monitoring, video analysis and predictive diagnostic systems for rolling stock and rail infrastructure, making critical data available to operators in real time through its Software as a Service (SaaS) solution. Worldwide, approximately 12,000 locomotives – primarily in the U.S., Canada, Mexico, and Australia – are equipped with Wi-Tronix technology and connected with SaaS-based solutions. Among them are the 70 electric Siemens ACS-64 locomotives operated by Amtrak, the American passenger service corporation.
“We were very deliberate in seeking the ideal partner to work with. Siemens shares our commitment to improving the world by making the transportation of people and goods safer, more reliable, and more efficient,” Larry Jordan, President of Wi-Tronix said.

 


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