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Mar 02, 2020

duagon aquires TechOnRails

  • The agreement reinforces duagon’s geographical footprint and capabilities, both in railway engineering solutions and software services
  • Establishment of a leading provider of solutions for railway engineering services
  • Growth potential thanks to complementary product range, expertise and cross‐selling opportunities

Zurich, Switzerland – Madrid, Spain, 26 February 2020.

duagon, has acquired MNI Tech On Rails S.L. (TechOnRails), Madrid, Spain, a leading 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 TechOnRails 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  Ángel  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.

 

About duagon

duagon  Holding  AG,  a  Swiss  based  company,  is  a  world  leader  in  high  performance  communication and computing products used in regulated critical applications. All products are based on duagon’s best‐in‐class proprietary communication & computing technology. duagon’s Business Unit Communication and Control, headquartered in Dietikon, Switzerland, focuses on railway  networking  components  using  protocols  such  as  MVB  (Multifunction  Vehicle  Bus),  Ethernet, CAN, WTB andETB. duagons BU Computing, headquartered in Nuremberg, Germany, delivers safe and secure computing solutions to clients in the Railway and Medical Technology industries. duagon is considered the independent world leader for rolling stock communication, control & computing products. Backed by controlling shareholder DBAG Fund VII, a German mid‐market fund focusing on growing industrial businesses, duagon is convinced that both OEMs as well as system integrators in the rail industry appreciate the creation of an independent and technologically strong player in electronics.

duagon maintains offices in Australia, China, France, Germany, India, Switzerland (HQ), and USA.

 

About TechOnRails

MNI Technology on Rails S.L. was founded in 2009 and has since then evolved into a leading international engineering services company for R&D and high‐end software development, for clients in the global railway signaling industry, achieving  continuous growth  and becoming a  reference landmark based on specialization and added value.

The company maintains offices in Madrid (Tres Cantos and Alcobendas) and Barcelona and has already performed projects in more than 20 countries on 4 continents.

TechOnRails  shareholders  were  advised  on  this  transaction  by  V4  Financial  Partners  (M&A  advisor) and Gómez‐Acebo & Pombo (legal advisor) while Duagon was advised by KPMG (financial and tax advisor), Baker McKenzie (legal advisor) and Wingtec (M&A advisor).

 

Contact information:

duagon AG

Riedstrasse 12

8953 Dietikon

Switzerland

 

Phone: +41 44 743 73 00

Fax: +41 44 743 73 15

mail@duagon.com

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