ST Engineering to collaborate with SMRT's business arm for overseas transport projects
Claudia Tan HS
Singapore Technologies Engineering (ST Engineering) S63 has signed a memorandum of understanding with Strides International Business (Strides) - the business arm of SMRT - to collaborate in land transportation projects overseas.
Both companies will jointly provide technical, operational and maintenance expertise in electric vehicles (EVs), intelligent road transportation and rail electronics for future international projects, they said in a joint statement on Wednesday (Feb 23).
ST Engineering will contribute its expertise in diesel-to-electric bus retrofit, integrated EV payment platforms, as well as smart metro solutions, road traffic management and fleet management.
Strides, on the other hand, will offer its expertise in operations, maintenance and service of transport and rail networks as well as driver and driverless transit products and systems.
It also has capabilities in the deployment of electric vehicles, mobility solutions and rail engineering and non-fare expertise, such as in transit properties.
The 2 will also work together to build train and railway systems testing and commissioning capabilities in Singapore, and develop joint go-to-market activities in key markets in Asia-Pacific, Europe and the Middle East.
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"ST Engineering's and Strides' complementary capabilities and deep experience in advanced rail and road technologies will strengthen our combined smart mobility offerings and advance our shared ambition of expanding our global presence," said Chew Men Leong, president, urban solutions at ST Engineering in a press statement.
" Specifically, our combined offerings in vehicle electrification will enhance our value proposition to customers who are looking to accelerate the transition of their fleets and technology infrastructure towards more sustainable transportation," said Chew.
Lee Ling Wee, president of Strides said that the capabilities of the 2 companies will bring a "unique Singapore Inc. blend of transport solutions and services to the global stage".
Shares of ST Engineering ended Wednesday at S$3.85, up S$0.04 or 1.1 per cent.
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