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Freight Securing

by msecadm4921

General Electric (GE) and Siemens have signed a co-operation agreement about securing freight containers.

Siemens’ Building Technologies Group will have exclusive marketing and distribution rights in Europe for a container security product developed by CommerceGuard AB. Siemens Project Ventures, a subsidiary of Siemens Financial Services, has acquired a minority stake in CommerceGuard AB, a subsidiary of GE’s Security business, with an option to increase the stake. In addition to Siemens, Japan’s Mitsubishi Corporation is also a minority shareholder in CommerceGuard, which operates in Japan and elsewhere in Asia as GE CommerceGuard.

This agreement gives Siemens, the firms say, a foothold in the growth market for container security solutions. Dr Heinrich Hiesinger, Group President of Siemens Building Technologies, says: "Working together with GE and Mitsubishi, we can vastly improve the financial security of international container traffic, thereby enhancing the safety and efficiency of global trade."

The CommerceGuard solution features a Container Security Device (CSD) that magnetically adheres to the inside of an international cargo container and registers an opening of the container door. Fixed and hand-held readers record its status in a database that can be accessed by authorised importers, shippers and government officials anywhere in the world.

The firms report that the world container trade moves more than 60 million containers a year. A Louis Parker, President & CEO of GE Security, said: "CommerceGuard is a truly international effort and Europe is a strategically important geography for our global container security solution. We are pleased that Siemens, one of the most respected companies in that region, has agreed to help bring this technology to Europe and beyond."

Jens Wegmann, President of Security Systems at Siemens Building Technologies, adds, "CommerceGuard is a proven security system and our stake will position us to provide a solution that gives customers immediate access to the highest security standards. At the same time, this acquisition will strengthen our business in the high-growth market for electronic security systems." In addition to holding exclusive marketing and distribution rights in Europe, Siemens will be the preferred integration partner for CommerceGuard AB around the world, as well as the preferred IT partner.

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