14 Articles
14 Articles
Siemens said on Thursday it has agreed to buy the core business of Italian rail technology group MERMEC to strengthen its rail portfolio and gain market access to Italy.
The Apulian company is the world leader in high tech for the railway sector. The part involved in the operation recorded revenues of around 430 million in 2025, with 1,700 employees
Takeover of billions: Siemens buys the Italian railway technology provider Mermec. The purchase price seems to be more than one billion euros.
Siemens' Mermec Deal and AI Momentum Propel Shares to New Peak Before Profit-Taking Kicks In
Siemens shares stormed to an all-time high of €272.20 on Thursday before surrendering nearly three percent on Friday to settle at €264.45. The sharp reversal came as a weak broader market triggered profit-taking, but it did little to dampen the broader optimism surrounding the Munich-based industrial giant. At the heart of the rally is a […] The post Siemens’ Mermec Deal and AI Momentum Propel Shares to New Peak Before Profit-Taking Kicks In app…
Siemens to expand global rail portfolio through MERMEC acquisitions
German technology conglomerate Siemens announced on Thursday that it had signed an agreement to acquire several core businesses of MERMEC Group, a leading Italian provider of railway technologies, reported dpa. MERMEC provides railway signalling, electrification, diagnostics and measurement technologies. The acquisition is intended to strengthen Siemens global rail portfolio and expand its signalling activities, industrial footprint and market a…
MerMec sells key divisions to Siemens
MERMEC has agreed to sell its global diagnostics and data analytics activities and Italian wayside signalling business to Siemens Mobility. The value of the deal, which is expected to be concluded by the end of this year, has not been disclosed. Around 1700 MerMec employees, sites, and industrial capabilities will transfer to Siemens, including the key strategic asset of the Ferrosud site in Matera, Italy. Siemens says it expects to achieve syne…
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