Fuji Electric Corp. of America has acquired 51% of Canadian rail manufacturer SEMEC Electro-Mecanique Inc. The deal was made in order to expand Fuji Electric’s transit business in North America and broaden its product lineup with the manufacturer’s railway vehicle door opening and closing equipment.
Fuji Electric plans to leverage SEMEC’s engineering strengths, sales channels and service capabilities, adding to its own transit business, which consists of door opening and closing devices, propulsion, and auxiliary power supply devices. Fuji Electric will also benefit from SEMEC’s manufacturing subsidiaries in New York in order to strengthen their bidding position on projects in New York.
“SEMEC has a solid reputation for manufacturing quality products, and they are a well-rounded company skilled at everything from development, to production, to sales. This business model will complement our Transit business nicely and will support our long-term growth initiatives in North America,” said Philip Charatz, President and CEO of Fuji Electric Corp. of America.
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