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Hitachi closes AnsaldoBreda deal

Hitachi Rail Group Global CEO Alistair Dormer and Finmeccanica CEO and General Manager Mauro Moretti at the closing of the transaction on 2 November. (Image: Hitachi Rail Group)

On 2 November Hitachi announced the completion of its acquisition of Italian rolling stock manufacturer AnsaldoBreda and a 40% stake in signalling specialist Ansaldo STS from Finmeccanica.

The Japanese conglomerate, which also offers metro and monorail vehicles from its own portfolio, has paid EUR30m for AnsaldoBreda and EUR9.50 per share for Ansaldo STS in a deal valued at EUR761m and will now launch a mandatory offer for the remaining shares in Ansaldo STS.

Hitachi recently opened its first manufacturing plant outside Japan in Newton Aycliffe, UK, and this acquisition provides further European manufacturing and testing facilities, considerably expanding its capacity. The deal will give the strengthened firm a major boost in the tramway, light rail and metro markets, as well as metro signalling technology around the world.