Home Rail News Hitachi plans to complete takeover of Ansaldo STS

Hitachi plans to complete takeover of Ansaldo STS

Hitachi has signalled its intent to take full control of Ansaldo STS following an agreement to increase its stake.

In an announcement on October 29, Hitachi and Hitachi Rail Italy Investments said they have signed an agreement with Elliott to acquire its 32 per cent stake in the company, which designs and constructs rail equipment and systems dedicated to signalling and automation.

The transaction has a total value of €808 million and is expected to be completed on November 2.

Alistair Dormer, CEO of Hitachi Rail Europe, said: “This acquisition of shares is a further key milestone towards realising our ambition of becoming a global leader in total rail solutions”.


Read more: RSSB to fund rail decarbonisation research


 

RailEngineerhttp://therailengineer.com
Rail Engineer is the leading independent quality monthly magazine for engineers, project managers, directors and leading rail executive decision makers. Head to www.railsubs.com to make a free subscription to RailEngineer magazine or one of its sister publications.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Hatfield remembered, twenty years on

Twenty years ago, on 17 October 2000, a train derailed just south of Hatfield station while travelling at around 115mph.  Four people...