Singapore Technologies Engineering (ST Engineering) has, on Oct 12, signed a memorandum of understanding (MOU) with MSI Global to foster joint participation and collaboration in rail projects around the globe.
MSI Global is a wholly-owned subsidiary of the Land Transport Authority (LTA).
Under the MOU, both companies will leverage their experiences to provide rail electronics solutions and services for rail projects abroad.
ST Engineering has implemented over 100 rail electronics projects in over 48 cities internationally, while MSI Global has implemented around 154 projects in over 20 countries.
In addition, the former will contribute its established technical and domain expertise in advanced Smart Metro solutions.
The MOU will also include developing joint go-to market activities to grow Singapore’s rail global footprint.
“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 global competition,” says Chew Men Leong, president of urban solutions at ST Engineering.
“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,” Chew adds.
Sim Wee Meng, CEO of MSI Global says some of the projects the company 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,” Sim adds.
As at 4.43pm, shares in ST Engineering are trading 1 cent lower or 0.26% down at $3.90.
Photo: Albert Chua/The Edge Singapore
