CAF completed the acquisition of Solaris for £265m.

The CAF (Construcciones y Auxiliar de Ferrocarriles), a Spanish producer of motorized vehicles, completed the acquisition of Solaris, a Polish bus producer, for £265m. “CAF’s investment in Solaris confirms our commitment to the vision of profitable growth and opens new strategic markets to CAF. Together with Solaris, we will create a leader in urban mobility solutions beyond rolling stock, particularly in the e-mobility segment. We want to continue using and to develop Solaris’ valuable brand and to keep its Polish character. The combination of both companies’ know-how in production, design, technology and services, together with the track record of Solaris in bus product innovation will allow us to better serve our clients while creating shareholder value," Andrés Arizkorreta, CAF Group President and Chief Executive Officer.