Information Services Corporation (TSX:ISV) (ISC) said it has acquired, through a wholly-owned subsidiary, all of the shares of Regulis SA, the Registrar designate for the Luxembourg Rail Protocol, from SITA BV .
The Luxembourg Rail Protocol sets up a new legal regime for the recognition and enforcement of security interests in railway rolling stock, such as those of lenders, lessors and conditional vendors, ISC noted.
Regulis was established as the entity to manage and operate the associated International Registry for Railway Rolling Stock for an initial contract period of 10 years.
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As this is a new Registry, ISC said it does not consider this acquisition to be material to its current business.
“Our strategic interest in Regulis is based on our commitment to registries as our core competency, our legacy, and central to our long-term purpose,” commented ISC CEO Shawn Peters in a statement. “Developing and operating public registries is the reason ISC was created, and our focus remains on building modern registries that meet the unique needs of our clients and their customers.”
He added that ISC would continue to expand its portfolio of services and solutions to help improve the delivery of registry services by and for governments, intergovernmental and private organizations.
“Regulis does just that as we expand to deliver the registry for the railway rolling stock sector,” Peters said.
Headquartered in Canada, ISC is the leading provider of registry and information management services for public data and records.
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