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| ABB to expand its presence in North-American rail market  ABB, the Swiss engineering group, has agreed to acquire Canada-based Envitech Energy to expand its technology offering in the electrical equipment and solutions sector for rail infrastructure.Envitech Energy, headquartered in Pointe Claire, Quebec, Canada, has 36 employees and supplies rail electrical equipment and solutions for urban transportation applications, including traction rectifiers, traction power components, trackside braking energy absorption devices, automatic grounding and energy storage solutions. The parties agreed to not disclose the value of the transaction, which is subject to the customary regulatory approvals. The acquisition is expected to be completed by the end of the year. write your comments about the article :: © 2011 Construction News :: home page |