Varitron, based in Saint-Hubert, Québec, EMM Groupe, based in Québec City and the Italian company Mios Elettronica, have signed a memorandum of understanding with the aim of jointly developing the North American market for onboard systems and products with high technology content designed for the North American railway market.
As part of this agreement, Varitron will manufacture and assemble the components, EMM Groupe will handle sales and marketing, while Mios Elettronica will be in charge of the design and development of technologies, products and applications for train automation and onboard communication.
With the combined expertise and know-how of Mios in design and of EMM Groupe in marketing, Varitron will be able to broaden its product portfolio and boost production at its Québec plants. The Pôle d’excellence québécois en transport terrestre (Québec Ground Transportation Cluster) will support the development of this Québec-based industrial consortium in the area of onboard electronic products and systems for the railway market. Potential short-term spinoffs include the creation of about 100 jobs within five years.
“Varitron is always on the lookout for new partnerships to explore additional market niches. In the infrastructure field, the railway market offers major growth potential in North America. We are therefore proud to be teaming up with strong companies that are recognized for their expertise in this area and to benefit from the support of the Cluster in this new venture,” Varitron CEO Martial Vincent said.
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