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Press release -

Hitachi to Acquire Signalling and Rolling Stock Operations of Finmeccanica

Tokyo, Japan 30 October, 2015 --- Hitachi, Ltd. (TSE:6501, "Hitachi") announced today that the conditions precedent were satisfied for the agreements for Hitachi to acquire Finmeccanica S.p.A. ([FNM.IM,] “Finmeccanica”)'s signalling and rolling stock operations signed on February 24, 2015.

The agreements are for the sale and purchase of:

  • the current business of AnsaldoBreda S.p.A., with the exclusion of some revamping activities and certain residual contracts, and
  • the entire interest owned by Finmeccanica in Ansaldo STS S.p.A., equal to approximately 40% of the share capital.

The simultaneous closing of the transactions is expected on November 2.

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