Apex Rail Automation (formerly Vossloh Signaling USA, Inc.) Announces Name Change and Divestiture from Vossloh AG
Press Release - December 29, 2020
GRASS VALLEY, CA – December 29, 2020 – Apex Rail Automation, formerly Vossloh Signaling USA, a leading manufacturer of railroad automation technologies, switches and other products for the railroad industry, has announced its divestiture from parent company Vossloh AG (VOS). As part of its divestiture, Vossloh Signaling is re-branding and has changed its name to Apex Rail Automation. Apex Rail Automation will continue to be managed by industry veterans David Ruskauff, President, and Chris Rabo, Vice President of Operations.
Apex Rail Automation designs and manufactures a variety of products and systems for both main line track and yard operations. The company’s customers include Industrial, Class 1, Transit and Short-line Railroads, predominantly in North America. The company sees significant opportunities to expand its Industrial customer base with additional resources through its partnership with Shackleton Equity Partners.
“We are excited to operate on a standalone basis allowing us to move quickly and develop new solutions for our customers. Furthermore, with the support of our new investor, we can invest in our personnel, facilities and working capital. We look forward to an exciting future and strong growth with both our suppliers and customers.” said Mr. Ruskauff, President of Apex.
As a standalone business, Apex Rail Automation will continue its investment in industry-leading automation technologies including its Modular Yard Automation (MYA) suite of products; Automatic Equipment Identification (AEI) railcar tracking to accurately track the location of railcars within railyards; and industrial crossing warning systems for maximum safety and efficiency. These products are just a few of the solutions that enable Apex’s customers to maximize both operational efficiency and safety.
“Shackleton Equity Partners warmly welcomes Vossloh Signaling to our portfolio of companies.” said Mark Schelbert, Managing Partner of Shackleton Equity Partners. “We believe that through key strategic relationships as well as Shackleton Equity’s financial and operational expertise, Vossloh Signaling will be able to live up to its full potential as a preeminent supplier of engineered solutions to the rail industry.”
The terms of the transaction were not disclosed. Apex Rail Automation will continue to offer all of the same products and services. More information can be found here https://www.apexrailautomation.com.
About Apex Rail Automation formerly Vossloh Signaling
Headquartered in Grass Valley, CA, Apex Rail Automation offers yard automation solutions, main line switches, yard switches, wayside electronics, dark territory switch control and other products. The company supplies products and systems primarily to North American freight railroads, particularly Class 1 railroads.