SINGAPORE (Metro Rail News): ST Engineering and MSI Global, a wholly-owned subsidiary of the Land Transport Authority (LTA) in Singapore, announced that they had inked a Memorandum of Understanding (MOU) to foster joint participation and collaboration in rail projects around the world.
Both companies will jointly provide rail electronics solutions and services for rail projects overseas. ST Engineering has implemented over 100 rail electronics projects in more than 48 cities worldwide, while MSI Global has implemented in the region of 154 overseas projects in more than 20 countries. ST Engineering will contribute its established technical and domain expertise in advanced Smart Metro solutions, including Smart Metro Control Centres, Command, Control and Communication Systems, Enterprise Asset Management Systems, Platform Screen Door, Automatic Fare Collection Systems and Passenger Information Systems. At the same time, MSI Global will provide its expertise in ticketing and payment systems software solutions, systems integration for rolling stock, signalling, power supply systems, depot planning, and project management. The MOU will also include developing joint go-to-market activities to grow Singapore’s rail global footprint.
Mr. Chew Men Leong, President, Urban Solutions at ST Engineering, said, “Smart Mobility is a key focus area in our Smart City growth strategy, and the MOU with MSI Global serves as another platform for us to extend our Smart Mobility expertise to new international markets. The complementary capabilities and synergies that both organisations intend to forge will further strengthen our combined rail offerings and position us as a strong contender amongst the global competition. MSI Global is our long-time partner, and we look forward to even closer collaboration to bring Singapore’s rail expertise to new shores and catalyse growth opportunities for global success.
Mr. Sim Wee Meng, Chief Executive Officer of MSI Global, said, “Having executed various land transport projects in more than 20 countries, MSI Global has extensive experience in a broad spectrum of services, in particular automatic fare collection system and project management. Some of these projects were completed in collaboration with ST Engineering. The signing of the MOU marks another milestone in the relationship between the two companies. This MOU will only relate to collaboration outside of Singapore.”
About ST Engineering
ST Engineering is a global technology, defence and engineering group with offices across Asia, Europe, the Middle East and the U.S., serving customers in more than 100 countries. The Group uses technology and innovation to solve real-world problems and improve lives through its diverse portfolio of businesses across the aerospace, smart city, defence and public security segments. Headquartered in Singapore, ST Engineering reported revenue of $7.2b in FY2020 and ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, MSCI Singapore, iEdge SG ESG Transparency Index and iEdge SG ESG Leaders Index.
About MSI Global Pvt. Ltd
MSI Global Private Limited is a wholly-owned subsidiary of the Land Transport Authority of Singapore (“LTA”) leveraging on the wealth of experience, knowledge and skills amassed by LTA’s highly qualified workforce to offer a full suite of multi-disciplinary services and solutions relating to land transport such as land transport planning, project management and implementation, rail systems engineering, geotechnics and tunnelling, demand management, automatic fare collection and ticketing system, systems integration and assurance, infrastructure management, and intelligent transport system.