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