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Sep 12th, 2012
ABB completes acquisition of rail business from RGM
ABB today announced that it has completed the acquisition of the rail vehicle power business of Italy-based RGM S.p.A.
The acquisition of RGM’s rail vehicle power business advances ABB’s strategy to strengthen its position as a major supplier to train manufacturers and rail operators. RGM is well known in Italy as a reliable supplier of auxiliary converters for underground rail, light rail vehicles, and mainline trains and locomotives. ABB plans to integrate the acquired product lines in its Discrete Automation and Motion division.
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