HomeTechnologyAsset ManagementHitachi Rail completes acquisition of Perpetuum

Hitachi Rail completes acquisition of Perpetuum

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Hitachi Rail has completed the acquisition of British rail technology firm Perpetuum, first announced by Rail Insider on 11 August 2020.

Perpetuum has pioneered digital solutions that dramatically improve train reliability and performance. Its wireless sensors spot faults remotely, operating on a continuous basis while trains are running. This calculates the ‘Health Status’ of the components, identifying potential issues to be fixed before they delay passengers’ journeys. None of the over 3,000 carriages that are fitted with the application have ever had critical components fail in service.

Now, with the deal complete, Perpetuum’s digital solutions will further improve, optimise and expand the application of the technology across Hitachi’s global transportation portfolio.

The integration of digital technology has a major role to play in enhancing the effectiveness and efficiency of operations, train service and maintenance. The acquisition follows the global mobility firm’s strategy of expanding its digital capabilities, including Hitachi’s Lumada platform that uses AI and Internet of Things to turn data into actionable business insights.

Andrew Barr, Hitachi Rail.

Andrew Barr, Hitachi Rail group CEO, said: “Hitachi is focused on expanding its digital innovation and sustainability offers, and the acquisition of Perpetuum achieves both goals.

“We’ll be able to improve the service to our customers using Perpetuum’s data-driven insights – leading to better journeys for passengers. We’re delighted to be expanding our portfolio with this exciting digital asset management solution across our global mobility business.”

Steve Turley, Perpetuum.

Perpetuum CEO Steve Turley added: “We are excited to be joining Hitachi Rail, not only for the opportunity to grow our core business across global markets, but to continue to advance and transform railway and fleet management for all our customers and partners.”

Originally spun out of Southampton University, Perpetuum developed a new technology to enhance maintenance efficiency and improve the safety of trains. Its solution is particularly easy to retrofit to existing fleets, because its ability to self-power – using patented energy harvesting technology – requires no extra wiring or power sources.

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