ABB completes the incorporation of RGM Polycontrol and grows in rail

Sesto San Giovanni (Milan), 04 November 2013 - ABB, leading group in power and automation technologies, has announced completion of the merger by incorporation of RGM Polycontrol, business unit of the Italian RGM S.p.A. with registered office in Genoa, specialised in auxiliary power systems for rail vehicles.

The acquisition, which took place in September 2012, provides a coherent interpretation of ABB strategy, aimed at strengthening its position as an important supplier for train manufacturers and rail operators. RGM Polycontrol has long been appreciated in Italy for the design and manufacture of converters for auxiliary services on board metro cars, trams, passenger coaches and locomotives. In just over a year, during which time the company has temporarily retained the old trademark, the integration process has been completed in full and today the new context is part of the Transportation Product Group: its range of auxiliary converters will constitute a new product line belonging to the Power Conversion business of the Discrete Automation and Motion Division.

"We are very pleased to announce this important step that has taken place very quickly indeed, thanks to the active collaboration of everyone, employees and managers alike of ABB and RGM Polycontrol", commented Manrico Campinoti, LBU Manager Power Conversion of ABB Italy. "The merger opens up a world of opportunities: clients now have access to a far more extensive portfolio of exceedingly high quality products for which we can rely on the support of ABB Service and sales network across the globe".

The acquisition further strengthens the industrial base of ABB in Italy and in the pole of Genoa in particular. ABB Italy team for rail business today enjoys a position of international importance, thanks to the great research and development capacity of the Genoa unit, focused on the development of modular, high-technology products that are extremely efficient and reliable, able to meet the demands of ever-more competitive markets.

The integration into ABB significantly enhances the unit's growth potential on export markets: over the last few months, the export share has already shown signs of clear growth, thanks to important orders such as that recently won for a new high-speed train. The opening to new, vaster markets will also enable the further optimisation of products.

ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 150,000 people.

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