Siemens announces investment in rail tech company, Wi-Tronix

RELATED TOPICS: SUPPLIERS | LOCOMOTIVES | TECHNOLOGY
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Siemens
MUNICH, Germany — Through the integration of their technologies, and joint development of new innovations, Siemens and Wi-Tronix seek to move the industry toward the objective of 100-percent availability of safe, efficient service. Siemens has made a significant equity investment in Wi-Tronix. Both companies have agreed to maintain confidentiality regarding financial details of the deal.

Wi-Tronix is a provider of remote monitoring, video analysis, and predictive diagnostic systems for rolling stock and rail infrastructure, making critical data available to operators in real time through its Software-as-a-Service solution.

Worldwide, approximately 12,000 locomotives — primarily in the U.S., Canada, Mexico, and Australia — are equipped with Wi-Tronix technology and connected with SaaS-based solutions. Among them are the 70 electric Siemens ACS-64 locomotives operated by Amtrak.

“Wi-Tronix is a leading innovator in real-time monitoring for rail,” explained Johannes Emmelheinz, CEO of Customer Services at Siemens Mobility Division. “The company has profound expertise in key technologies such as video analysis, providing unique information for both real-time and predictive applications. Partnering with developers of exceptional technologies is a key part of our strategy to deliver expansive digital services for predictive maintenance.”

“We were very deliberate in seeking the ideal partner to work with,” stated Larry Jordan, President and Wi-Tronix's chief technology officer. “Siemens shares our commitment to improving the world by making the transportation of people and goods safer, more reliable, and more efficient. This requires rail operators to have access to critical data, which supports both real-time decisions and predictive maintenance. With their global reach and resources, we will accelerate development of our products and expand our footprint to serve customers across platforms around the world.”

Siemens operates a worldwide network of mobility data services centers to analyze masses of data that is continually collected from hundreds of sensors and controllers in trains, locomotives and rail infrastructure. On the basis of these analyses, early forecasts of system failures are made and recommendations for acute or scheduled maintenance are sent to technicians in the Siemens depots as well as to the operators.

— A Siemens news release. Oct. 9, 2017.
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