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

  • RATP Dev and SAPTCO win contract to operate the future Riyadh bus network
    November 20, 2014
    RATP Group subsidiary RATP Dev and Saudi Public Transport Company (SAPTCO) have won a twelve-year US$2.1 billion contract to implement, operate and maintain the future bus network in the Saudi Arabian capital of Riyadh. The network’s 103 lines will gradually enter service after two years of preparation starting from the launch of the contract. The network will be run using a fleet of approximately 1,000 vehicles and will include four BHLS (Buses with High Level of Service) lines, two circular lines, 17
    Read More
  • Imtech to divest ICT division
    April 17, 2014
    Technical services provider Royal Imtech takes a further step in its previously announced debt reduction program with the announcement of its intention to divest its ICT division. As announced on 18 March 2014, Imtech continues to be focused on achieving a long term sustainable capital structure and is committed to reduce indebtedness by at least US$554 million. To realise this debt reduction, Imtech will continue to review all options. The ICT division will be divested through an auction process in
    Read More
  • Trends in automotive technology
    March 14, 2012
    Continental has become a leading player in vehicle technology and telematics. The firm’s executive board chairman Elmar Degenhart describes to Jason Barnes Continental’s views on the ‘megatrends’ of the automotive industry Strategic moves to diversify Continental’s business from rubber-related products began in the late 1990s with the acquisition of ITT Teves and its brake business. This brought on board know-how relating to the then new electronic stability control (ESC) systems which today form an import
    Read More
  • Survey: public transport operators look to expand use of real time surveillance
    June 12, 2015
    A survey conducted by the International Association of Public Transport (UITP) and network video supplier Axis Communications has revealed that operators worldwide are continuing to invest in leading edge security technology, with the majority interested in adopting more widespread use of real-time surveillance and advanced video analytics to better protect their passengers, equipment and installations.
    Read More

Highlighted Content