OEM Technology Solutions merges with DUAGON-MEN-GROUP
Sydney-based electronics manufacturer OEM Technology Solutions is now part of the DUAGON-MEN-GROUP, following the latter’s decision to acquire 100% of OEM Technology Solutions’ shares. The merger of the companies underlines the positioning of the group as a leading provider of communication, control and computing solutions for rail vehicles.
OEM Technology Solutions develops and produces control and automation products for the global railway market, including controllers, I/O products, gateways, cloud software services for diagnostics and condition-based monitoring (CBM). The company’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 maximising availability and minimising maintenance costs.
The DUAGON-MEN GROUP meanwhile comprises Swiss company duagon, a provider of train communication components, and German electronics manufacturer MEN Mikro Elektronik, which merged with duagon last year. Both come under the portfolio of capital market company Deutsche Beteiligungs.
“OEM Technology Solutions products and services allow us to provide a broader and deeper product set to the railway market,” said Dr Markus Dilger, CEO of the DUAGON-MEN-GROUP, when the contract was signed.
OEM founders James McLeod and Richard Gobee have both committed to long-term agreements to continue to manage the Sydney-based organisation and contribute to the overall group product development strategy. They said, “We are very excited to continue and further accelerate our success story together with the DUAGON-MEN-GROUP.”
Together, the group expects to strengthen its position as a leading independent global technology provider for railway software and electronics, with the DUAGON-MEN-GROUP committed to further investment in the R&D centre in Sydney. The headquarters of OEM Technology Solutions will act also as a sales and support centre for the products of the DUAGON-MEN-GROUP in Australia and Asia Pacific. Similarly, the global DUAGON-MEN-GROUP organisation — with on-the-ground service hubs in Switzerland, Germany, China, France and the US — will provide support for all of OEM Technology Solutions’ products and services.
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