Sale of AnsaldoBreda and Ansaldo STS to Hitachi completed

Finmeccanica and Hitachi have announced the closing of transactions relating to Hitachi’s acquisition of the business of AnsaldoBreda, with the exclusion of some revamping activities and certain residual contracts, and Finmeccanica’s entire economic interest in Ansaldo STS, equal to approximately 40 per cent of its issued share capital. Finmeccanica has selected Hitachi as the best industrial partner to ensure a successful long term repositioning of its transportation business and believes integration in
November 3, 2015 Read time: 1 min
6747 Finmeccanica and 2213 Hitachi have announced the closing of transactions relating to Hitachi’s acquisition of the business of AnsaldoBreda, with the exclusion of some revamping activities and certain residual contracts, and Finmeccanica’s entire economic interest in Ansaldo STS, equal to approximately 40 per cent of its issued share capital.

Finmeccanica has selected Hitachi as the best industrial partner to ensure a successful long term repositioning of its transportation business and believes integration into Hitachi will secure the best possible future for the Ansaldo STS and AnsaldoBreda businesses and their employees.

For more information on companies in this article

Related Content

  • Clarion and Hitachi develop driverless parking system
    March 31, 2017
    Hitachi Automotive Systems and Clarion have developed a remote parking system that automatically performs parallel and perpendicular parking as well as garage parking and exit from outside the vehicle through remote control using smartphones.
    Read More
  • Siemens to electrify metro lines in Peru
    January 25, 2016
    Siemens has been awarded a contract by Ansaldo STS to electrify the new double-track metro line 2 in Peru’s capital city, Lima, as well as the eight kilometre-long first phase of line 4 in the city. The two new metro lines will connect additional city districts and the international airport to the capital's mass transit network. The contract also includes the simultaneous extension of line 2 to the airport, the first phase of the future line 4. The project includes six feeder stations, two 20 kV cable
    Read More
  • Hitachi Rail Europe wins UK first traffic management contract
    July 28, 2015
    Passengers on some of the busiest commuter lines in the UK can look forward to more frequent and more reliable trains following a deal to provide new traffic management technology on the Thameslink route through central London. Network Rail and the Thameslink Programme have signed a contract with Hitachi Rail Europe (HRE) to deliver a step-change in technology through state-of-the-art traffic management technology.
    Read More
  • Thales to sell its revenue collection, tolling, car park management business
    November 18, 2016
    International technology company Thales has entered into exclusive negotiations with French private equity firm Latour Capital with a view to divesting its ticketing and revenue collection, road tolling and car park management systems business, in line with the company’s strategy of business portfolio optimisation. With close to 850 employees mainly based in France, the Netherlands, Denmark, Italy, Mexico, Hong Kong, India, New Zealand and Egypt, this business generated sales of US$165 million (€155 mil
    Read More

Highlighted Content