Hitachi Rail and Mer Mec S.p.A. have signed a stock 'put option' agreement for the sale of Hitachi Rail’s mainline signalling business in France, as well as its signalling business units in Germany and the UK.
In October 2023, the European Commission and the UK’s Competition and Markets Authority approved Hitachi Rail’s acquisition of Thales' Ground Transportation Systems (GTS), provided that Hitachi Rail divested its mainline signalling businesses in France, Germany and the UK.
The agreement with Mer Mec is a step to address the conditions set by the antitrust authorities for the closure of Hitachi Rail’s acquisition of Thales GTS.
The divestment of Hitachi Rail's mainline signalling business and support functions includes over 550 employees in France, Germany and the UK. Hitachi Rail will retain its other operations in those countries, including its centre for communications-based train control technology in France and its rolling stock and maintenance business in the UK.
Hitachi Rail’s French mainline signalling business was formerly known as Compagnie de Signaux et d’Entreprises Électriques (CSEÉ) and has a long history of delivering mainline signalling systems in France.
Founded in 1970, Italian multi-national company MER MEC's portfolio covers the design and development of technology for rail and rapid transits, with operations spanning 73 countries.
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