Mer Mec to acquire rail signalling businesses in Germany, the UK and France from Hitachi Rail.

Mer Mec, an Italian multinational company active in advanced technologies for rail transport, agreed to acquire rail signalling businesses in Germany, the UK and France from Hitachi Rail, a rolling stock and railway signalling manufacturing company. Financial terms were not disclosed. "Today we have achieved a major milestone towards the final acquisition of Thales GTS, which is a key part of our growth strategy. The agreement follows a key commitment to European and UK regulators and is a step forwards in our acquisition of Thales GTS. This solution also will grant the divested business a long-term future,” Giuseppe Marino, Hitachi Rail CEO