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Announced

MERMEC to acquire transportational business unit of Sirti.

Synopsis

MERMEC, a group that develops technological solutions for the management of safety and improvement of railway networks, agreed to acquire transportation business unit of Sirti, a telecommunications networks and systems developer. Financial terms were not disclosed. This agreement strengthens Sirti's financial and strategic positioning for the benefit of the digital transformation of networks and services in the telecommunications, energy and every economic sector. This will allow further growth of Sirti's business, also in the Digital Solutions Business Unit, which this year includes the company WellComm Engineering, operating in cyber security and acquired by Sirti in the recent past.

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