Siemens Mobility beefs up Canadian transit capabilities with purchase of RailTerm May 31, 2021 by (CP) Ross Marowits Germany-based Siemens has acquired Canadian transit dispatcher and railway systems maintenance firm RailTerm. The agreement enhances Siemens’ railway track and signalling, electrification and communication systems expertise to deploy the next generation of rail technologies. Financial terms of the deal that is expected to close July 1 were not disclosed. Advertisment It’s the first of what Siemens hopes will be many such deals to enhance its capabilities to go up against global giants such as Alstom, which recently became the world’s second-largest railway maker after acquiring Bombardier Transportation.