Škoda Group completed the acquisition of a majority stake in The Signalling Company.

Škoda Group, a rolling stock manufacturer, completed the acquisition of a majority stake in The Signalling Company, an onboard safety software and signalling systems developer. Financial terms were not disclosed. “Expanding our portfolio with our own signalling solutions, especially ETCS, is important to the Group’s success in European markets, especially in Western Europe. This sector has great potential, and we’re looking forward to developing new solutions to improve rail transport safety, efficiency and sustainability," Didier Pfleger, Škoda Group CEO.