DUAGON-MEN-GROUP has signed an agreement to acquire 100% of the shares of OEM Technology Solutions, based in Sydney, Australia. OEM Technology Solutions develops and manufactures control and automation products for the global rail market. In addition to controllers, I/O products, and gateways, OEM Technology Solutions offers cloud-based software services for diagnostics and condition-based maintenance (CBM).
Original equipment manufacturers' controllers and communication gateways provide owners, operators, train builders, maintainers, and subsystem suppliers with the means to collect the data needed to perform CBM, thereby maximizing availability and minimizing maintenance costs.
"OEM Technology Solutions' products and services allow us to provide a broader and deeper product suite for the rail market," explains Dr. Markus Dilger, CEO of DUAGON-MEN-GROUP, at the contract signing.
Both James McLeod and Richard Gobee, founders of OEM Technology Solutions, have committed to long-term agreements to continue managing the Sydney-based organization and contribute to the group's overall product development strategy. "We are very excited to continue and further accelerate our success story together with the DUAGON-MEN GROUP," Richard and James commented at the signing ceremony.
Global Presence for Streamlined Customer Service
. Together, the group will strengthen its position as a leading, independent global technology provider for railway software and electronics, and DUAGON-MEN-GROUP is committed to further investment in its R&D Center in Sydney. The OEM Technology Solutions headquarters will also serve as a sales and support center for DUAGON-MEN-GROUP products in Australia and Asia Pacific. Similarly, the global DUAGON-MEN-GROUP organization, with on-the-ground service centers in Switzerland, Germany, China, France, and the United States, will provide support for all OEM Technology Solutions products and services.
With this transaction, DUAGON-MEN-GROUP is positioned for sustained growth and the best global customer service and support.
