Invensys Rail Group

Invensys Rail Group

September 17, 2008 10:56 ET

Invensys Rail Group Purchase Quantum Engineering for $38m

IRG strengthen train automation offering through Quantum Engineering acquisition

LONDON, UNITED KINGDOM--(Marketwire - Sept. 17, 2008) - Quantum Engineering which has built a solid reputation for the development of mainline on board signalling, locomotive performance controls and train integrity devices in the Americas, has been purchased by the Invensys Rail Group (IRG). Industry commentators see this as a clear move by Invensys to further consolidate their position as a leading supplier of railway control and communication systems.

James Drummond CEO and President of IRG stated, "Integrating Quantum Engineering's unique on board products within the IRG portfolio will substantially strengthen our technology offering in the expanding area of railway automation & performance management systems. There is a growing migration from trackside to on-board train signalling, a trend which is now gathering pace in mass transit and mainline. Our mass transit customers are already reaping the benefits of this technology through increased capacity and enhanced safety. Now IRG can offer those same benefits to our mainline customers through Quantum Engineering's proven mainline solution."

The acquisition will lift IRG's profile in the US railroad aftermarket business while opening up new sales opportunities within the operational side of its existing railroad customers. Additionally, Quantum Engineering's technology will also be available globally through IRG's international operations in markets where infrastructure and operational issues make it particularly attractive in improving safety and performance while reducing cost.

Owen Traynor IRG's Technology Director went on record recently stating that more could be done to reduce the cost of signalling technology. He believes that by utilising Quantum Engineering's technology IRG rail customers will be able to operate their networks and locomotives far more efficiently, at lower cost and with lower environmental impact.

The acquisition of Quantum Engineering is a clear indication of Invensys plc strategy continuing commitment to become a technology and controls company providing intelligent solutions to customers on a global basis across a broad range of industries.

Notes to editors:

Press release can be downloaded from http://www.ballard.co.uk/irg/.

The Invensys Rail Group

The Invensys Rail Group is a global leader in the design, manufacture, supply, installation, testing and commissioning of safety-related rail signalling and control systems and other rail signalling products for mainline, metro and freight railways.

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