MRX provide condition monitoring for rolling stock, rail infrastructure and rail inspection systems.

The parties agreed not to disclose the financial details of the transaction, which is expected to close in early July.

Hereon MRX will operate as a part of Siemens’ Mobility Division, and will be managed as a legally-independent, affiliated company of Siemens.

Siemens Mobility Data Services Centre, in Munich, aggregates data collected from rolling stock and trackside equipment for analysis in a central diagnostics system.

On the basis of these analyses, early forecasts of system failures are made and recommendations for acute or scheduled maintenance are sent to technicians at Siemens’ depots as well as to the operators.

“Siemens is focusing on condition-based and predictive maintenance,” says Mr Johannes Emmelheinz, CEO of Siemens’ rail service business. “The digital monitoring of components and systems combined with the analysis of the resulting Big Data by our system experts enables these experts to spot sources of problems at an early stage. With MRX Technologies Group, we are gaining a highly competent partner for collecting a full spectrum of measurement data related to rail systems-as the basis of our central diagnostics system.”

“Our goal is to offer our customers even higher system availability,” says Mr Jim Blair, shareholder and managing director of the MRX Technologies group. “We are combining the digitalization of service-relevant data with the data analytics system and expertise of Siemens making a unique offering in the industry. Together we will lead the rail industry into the digital future,”