ABB completes acquisition of rail business from RGM

2012-09-11 - Zurich, Switzerland – ABB (ABBN.VX), the leading power and automation technology group today announced that it has completed the acquisition of the rail vehicle power business of Italy-based RGM S.p.A.

The acquisition of RGM’s rail vehicle power business advances ABB’s strategy to strengthen its position as a major supplier to train manufacturers and rail operators.

RGM is well known in Italy as a reliable supplier of auxiliary converters for underground rail, light rail vehicles, and mainline trains and locomotives. ABB plans to integrate the acquired product lines in its Discrete Automation and Motion division.

“Customers will gain access to the premium products of RGM Polycontrol through the strong sales and support network of ABB. Further, customers have a single point of contact with ABB for a much wider product portfolio. ABB can reinforce the RGM investment in R&D accelerating the development of RGM Polycontrol’s new technologies,” says Remo Luetolf, Head of the Power Electronics and Medium Voltage Drives business unit, where RGM Polycontrol will be integrated.

“We are very glad that the RGM Polycontrol team has found a new home in ABB. With ABB’s resources the RGM Polycontrol team can extend the reach of its offering and grow further,” said Giuseppe Guerra, owner and CEO of RGM.

ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 145,000 people.

For help with any technical terms in this release, please go to: www.abb.com/glossary

    •   Cancel
      • Twitter
      • Facebook
      • LinkedIn
      • Weibo
      • Print
      • Email
    •   Cancel

    Contact us

    seitp202 52ae30bf16946b37c1257a760042531b