Meridiam completed the acquisition of a 72% stake in PisaMover from Leitner.

Meridiam, an investor and asset manager, completed the acquisition of a 72% stake in PisaMover, a concessionary company that focuses on executive design, construction, operation, and maintenance of the electric traction driverless people mover system, from Leitner, a cable-based transportation solutions manufacturer. Financial terms were not disclosed. The project is part of Meridiam’s strategy to invest in sustainable mobility, including transport links improving accessibility to local airports.