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Duagon Acquires Railway Signaling Specialist TechOnRails

Duagon, has acquired MNI Tech On Rails S.L. (TechOnRails).
TechOnRail is an engineering company specialized in the conception and design
of railway signaling systems, with more than 150 highly skilled, experienced
and specialized engineers. Duagon is backed by the DBAG‐advised DBAG Fund VII,
a German mid‐market fund focused on industrials in the German‐speaking region,
that invested in Duagon in July 2017 as part of a management buyout.

TechOnRails, with offices in Madrid and Barcelona,
provides engineering services for R&D and high‐end software development for
clients in the global railway signaling industry, and has achieved continuous
growth and became a reference landmark including projects in more than 20
countries and 4 continents.

Ángel Saldaña, founder of Tech On Rails will continue to
lead TechOnRails and become General Manager of Duagon Spain. Duagon Spain will
be the Group’s global competence center for railway engineering solutions and
software development. Duagon Spain will also be the Sales and Service center
for Iberian and South American markets, offering professional support to all Duagon
customers. “We are excited to expand our offering into engineering services
especially for signaling applications while strengthening our footprint in
Iberia. Moreover, we are convinced that TechOnRails’ experienced team of highly
skilled and motivated engineers will be a great fit for Duagon and are
particularly glad that Angel Saldaña has decided to stay onboard for our
journey” noted Dr. Markus Dilger, CEO of Duagon, upon closing of the
acquisition.

“It is an ideal combination for both companies to be able
to offer a complete range of solutions to our global customer base in the
railway industry. We regard Duagon as a very good fit to our company, adding
many additional opportunities for growth of our business”, added Mr. Ángel
Saldaña General Manager of Duagon Spain and Business Unit Engineering Services.

Duagon | www.duagon.com

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Duagon Acquires Railway Signaling Specialist TechOnRails

by Circuit Cellar Staff time to read: 1 min