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

  • Swarco acquires British traffic group
    May 8, 2014
    Austrian traffic technology group Swarco has acquired the APT group of companies, creating one of the largest traffic and parking management systems businesses in Europe.
    Read More
  • Here are the ITS America Awards finalists
    December 7, 2021
    The Best of ITS and Best of Mobility on Demand (MOD) finalists have been selected by a distinguished panel and now the winners will be judged LIVE - by you, the attendees!
    Read More
  • ‘Explosion of interest in smart cities’ says report
    March 5, 2013
    According to a new tracker report from Pike Research, a part of Navigant’s Energy Practice, the past twelve months have seen an explosion of interest in the smart city concept. Cities around the world have announced new smart city strategies and innovative projects, and many existing programs have been rebranded as smart city initiatives. More than fifty per cent of smart city projects are focused on innovations in transportation and urban mobility. The tracker identifies and details 130 smart city proje
    Read More
  • Hitachi Group to develop basic technology for preventing collisions
    October 16, 2015
    Japan-based Hitachi, Hitachi Automotive Systems and Clarion have developed the basic technology for preventing collisions while maintaining safe and practical speeds by predicting changes in pedestrian movements and rapidly calculating optimum speed patterns in real time. The companies claim to have verified the validity of the technology using experimental vehicles and determined that it can be implemented at safe and practical driving speeds. Going forward, the Hitachi Group will accelerate to further
    Read More

Highlighted Content