Invensys Rail North America Announces Positive Train Control (PTC) Acquisition
Invensys Rail North America has today announced the acquisition of privately-held PHW Inc. for up to $24 million.
Based in Pittsburgh, PHW is a leading manufacturer of cab signaling systems and other safety electronic train control systems for the North American mainline and mass transit industries. The acquisition of PHW and its onboard PTC products enhances Invensys Rail's existing range of trackside PTC products, strengthening further the company's position in North America.
"The acquisition of PHW and its onboard PTC product line complements our established portfolio of trackside PTC products and will play an important role in helping us to achieve the ambitious growth plans we have in North America," said Kevin Riddett, CEO of Invensys Rail.
PHW's onboard system is used on the North East Corridor by Amtrak and associated railroads as part of Amtrak's ACSES PTC system. ACSES is the first PTC system to be approved for operation by the Federal Railroad Administration under the requirements of the Rail Safety Improvement Act of 2008.
PHW will operate as a wholly-owned subsidiary of Invensys Rail, a division of Invensys plc.
Invensys plc Steve Devany tel: +44 (0) 20 3155 1301
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