Duagon-Men-Group, a railway communication and control provider, has acquired a 100% stake in OEM Technology Solutions, based in Sydney.
OEM Technology Solutions develops and produces control and automation products for the global railway market and offers cloud software services for diagnostics and Condition-Based Monitoring (CBM).
OEM’s controllers and communication gateways provide owners, operators, train builders, maintainers and subsystem suppliers with the means to collect data necessary to perform CBM, thus maximizing availability and minimize maintenance costs.
“OEM Technology Solutions products and services allow us to provide a broader and deeper product set to the railway market” said Markus Dilger, CEO of Duagon-Men-Group.
The headquarters of OEM Technology Solutions will act also as a sales and support center for the products of the Duagon-Men-Group in Australia and Asia Pacific. Similarly, the global Duagon-Men-Group organization with on-the-ground service hubs in Switzerland, Germany, China, France and USA will provide support for all of OEM Technology Solutions’ products and services.
With this transaction, the group will strengthen its position as an independent global technology provider for railway software and electronics and the Duagon-Men-Group is committed to further invest in the R&D Centre in Sydney.