Sydney-based railway control and automation firm OEM Technology Solutions has been acquired by major European firm DUAGON-MEN-GROUP.
DUAGON-MEN-GROUP in April signed an agreement to acquire 100 per cent of the shares of OEM Technology Solutions, which was launched in Sydney 25 years ago.
In addition to programmable controllers, I/O products and gateways, OEM Technology Solutions offers cloud software services for diagnostics and condition-based monitoring.
Since its inception OEM has delivered more than 35,000 systems for use in railways. 90 per cent of its revenue comes from the rail sector, and 45 per cent of its revenue comes from export markets, with OEM systems in use in South East Asia, China, Europe, the UK, North and South America, Africa and the Middle East.
Company founders James McLeod and Richard Gobee said they were committed to staying on at the business as it was incorporated into DUAGON-MEN-GROUP’s global network. They also said they remained committed to local jobs in railway electronics engineering – OEM employs around 35 at its headquarters in Artarmon, on Sydney’s North Shore.
“We are very excited to continue and further accelerate our success story together with the DUAGON-MEN-GROUP,” McLeod and Gobee said.
The DUAGON-MEN-GROUP will provide support for all of OEM Technology Solutions’ products and services globally, and has also committed to make further investment in OEM’s research and development centre in Sydney.
In return, the OEM Technology Solutions headquarters will act as an Australia and Asia Pacific sales and support centre for DUAGON-MEN-GROUP’s product range.
Since it was established in 1993, OEM Technology Solutions has specialised in the design and development of industrial computer and communications solutions for the global railway technology market. Its products include programmable controllers, remote I/O modules and wireless communication gateways for typical applications like climate control and air conditioning, internal emergency door release and powerpack control for rail vehicles.
OEM also provides a Software as a Service (SaaS) to connect all these on-board systems and devices to their Train Ecosystem analytics cloud, providing the client with a comprehensive view into their operations.
The DUAGON-MEN-GROUP is the result of a merger between Swiss based duagon, a leading supplier of train communication and control components, and German based MEN – a provider of robust embedded computing solutions.
Following the OEM acquisition DUAGON-MEN-GROUP has over 400 employees based in Switzerland, Germany, France, China, Australia and the United States.
