Edison, NJ – Fuji Electric Corp. of America has announced that they have acquired a majority share of Canadian rail manufacturer SEMEC Electromecanique Inc. (hereinafter, SEMEC) in order to expand their transit business in North America and broaden their product lineup with the manufacturer’s railway vehicle door opening and closing equipment. Fuji Electric plans to leverage SEMEC’s engineering strengths, sales channels and service capabilities, adding to their own Transit business which is comprised of door opening and closing devices, propulsion, and auxiliary power supply devices.
“SEMEC has a solid reputation for manufacturing quality products, and they are a well-rounded company skilled at everything from development, to production, to sales,” said Philip Charatz, President and CEO of Fuji Electric Corp. of America. “This business model will complement our Transit business nicely and will support our long-term growth initiatives in North America.”
The two companies solidified an agreement for Fuji Electric to purchase 51% of SEMEC and the deal was completed in February. The name of the newly formed company is Fuji SEMEC Inc, and will be known as Fuji SEMEC Corp. in the state of New York. Fuji Electric will add their own technological capabilities in design and production engineering to SEMEC’s designs for door opening and closing devices in order to enhance their overall product offering. Fuji Electric will also benefit from SEMEC’s manufacturing subsidiaries in New York in order to strengthen their bidding position on projects under the Buy American Act guidelines , and other similar laws and regulations in New York*. Fuji Electric has an extensive delivery record of its railcar door opening and closing devices, including the New York City Transit Authority, Metropolitan Washington D.C. Department of Transportation, Sonoma Marin Area Rail Transit District, and more. The power electronics manufacturer has also supplied Washington subways with auxiliary power units.
“This acquisition, coupled with our recent opening of a 37,000 sq. ft. factory in Virginia to develop auxiliary power supply devices for railways, is a testament to our strategic vision for our North American Transit business,” added Charatz. “We have an aggressive 5-year growth plan and are committed to taking the major steps necessary to achieve those goals.”
*With the obligation to use a certain percentage of parts produced in the U.S. (from New York) and local assembly
About Fuji Electric Corp. of America
Fuji Electric Corp. of America is a wholly owned subsidiary of Fuji Electric Co., Ltd., and has been responsible for sales and distribution of the company’s products since 1970. Fuji Electric Co., Ltd. began developing power electronics equipment in 1923, and is a global leader in industrial products ranging from semiconductors, HMIs, power supply, and power generation equipment to AC drives and uninterruptible power systems. For more information please visit www.americas.fujielectric.com or follow us on Twitter @FujiElectricFEA.
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Fuji Electric Marketing Manager