Independent journal on economy and transport policy
17:25 GMT+2
This page has been automatically translated by Original news
ABB will acquire the Canadian Envitech Energy
the North American company work in the field of the equipments and arranges constituents for the railway field
November 23, 2011
Helvetic group ABB has reached an agreement in order to acquire the Canadian Envitech Energy with the objective to widen own offer in the field of the equipments and arranges constituents for the railway field. The North American company has center to Pointe Claire, in the Quebec. According to the forecasts, the acquisition will be carried out within the end of this year.
"The acquisition - it has explained in charge of the division Discreet Automation & Motion of ABB, Ulrich Spiesshofer - is online with our strategy of division to widen our technological platform and the solutions offered to the interesting market of the total and regional rail shipment".
ABB has emphasized that own volume of transactions in the railway section has grown remarkablly during the last few years, with a rate annual increase of 30% approximately. In 2010, in this field, the Swiss group has acquired new orders for a total of beyond a billion of dollars.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher