Acquisition of Quantum Engineering, Inc.

Acquisition of Quantum Engineering, Inc.

Invensys plc, the technology company, announces that its Invensys Rail Group (IRG) has acquired Quantum Engineering, Inc. from its management for a cash consideration of $38 million.

Based in Jacksonville, Florida, Quantum Engineering is a signalling and train controls company specialising in on-board equipment.  This acquisition will increase IRG's profile within the valuable US railroad aftermarket business while opening up new sales opportunities within the operational side of its existing US railroad customers. In addition, Quantum’s technology will be marketed globally through IRG's international operations opening up the technology to significant new markets, allowing customers to operate their networks and locomotives more efficiently, at lower cost and with lower environmental impact.

Integrating Quantum’s unique products within the IRG train control product portfolio will substantially strengthen our technology offering in this expanding area.  There is now a clear migration from trackside to on-board train signalling, a trend which is now gathering pace.  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’s proven mainline solution.
Ulf Henriksson, Chief Executive of Invensys plc, commented:

“Following the recent acquisition of SAT Corporation by our Wonderware business unit, this acquisition further exemplifies Invensys’ commitment to being a technology and solutions provider that significantly contributes to the business success of our customers.  As well as providing a greater exposure to the US market, we can see great opportunities to bring Quantum’s technical solutions for the benefit of our customers on a global basis. ”