Italy: The company says it has acquired the French branch Hitachi Rail STS, which focuses on mainline signalling systems.
It includes two sites in Riom and Les Ulis, as well as associated business units in Germany, the UK and South Korea. Thus, the company reports it has become the fourth largest player in the signalling market.
The purchase was followed by the foundation of the subsidiary Mermec Deutschland, which will focus its operation on Germany, Austria and Switzerland. In its turn, France witnessed establishment of Compagine des Signaux, with 600 employees, which will serve the markets of France, South Korea and Morocco.
The deal was announced earlier this year. The sale of Hitachi Rail’s several European signalling businesses was a key condition for the dissolution of Thales GTS, the French rail business unit, completed also this year.
