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Press Release14 May 2026Siemens MobilityMunich
Siemens acquires key businesses of MERMEC to strengthen its global rail technology portfolio
“By combining MERMEC’s technological
expertise and market access with Siemens Mobility’s global presence and technology
leadership, we are strengthening our capabilities in diagnostics,
asset-intelligence and signaling capabilities. This step expands our industrial
footprint in Italy within our world-leading signaling business and
significantly enhances our global diagnostics portfolio,” said
Michael
Peter, CEO of Siemens Mobility.
“Formally, I have been retired for nine months; at present, my health is not at its best, and my children are pursuing their own independent paths with their companies. For this reason, I sought a very solid group in the sector, in order to guarantee a secure future for my valued colleagues, who have contributed to making MERMEC the company it is today, wherever they may be. Becoming part of Siemens will offer them a global environment, strongly focused on innovation and sustainable growth. The transaction will help me invest in the other companies within my industrial holding, as well as contribute to the growth of businesses in Southern Italy that need to develop and create new high-quality employment,” said Vito Pertosa, President of Angelo Holding.
The acquisition
will further strengthen the competitiveness and resilience of Siemens’ global
rail infrastructure portfolio, supporting its long-term strategy and investments
in the growing railway market. The integration of Siemens’ expertise in urban signaling with MERMEC’s strong
presence in Italy’s mainline railway infrastructure will support the
modernization and digitalization of the national rail network in Italy.
Siemens
Mobility’s customers will benefit from an expanded service offering that combines
Siemens’ asset intelligence and diagnostics capabilities (onboard and depot‑based)
with MERMEC’s advanced portfolio of diagnostic vehicles equipped with
measurement systems and software for railway infrastructure inspection. The
result will be a scalable diagnostics and analytics platform with global reach
through Siemens Mobility’s worldwide footprint and established customer base.
MERMEC’s
employees, all sites, and industrial capabilities will become part of Siemens
Mobility’s global innovation ecosystem, which includes the key strategic asset of the Ferrosud site in Matera. Siemens expects to achieve meaningful synergies,
especially from cross-selling and from expanding the integrated portfolio. The
transaction is expected to be EPS (pre-PPA) accretive by year two post-closing.
Founded
in 1970 and headquartered in Monopoli, Italy, MERMEC Group is a leading Italian
provider of railway signaling systems for mainline rail networks, digital
diagnostics technologies for railway applications, and high-precision
measurement trains. The group operates in the railway sector across signaling,
electrification, diagnostics, digital asset analytics platforms, and advanced
inspection technologies.
The
acquisition covers MERMEC’s key businesses in Italian wayside signaling,
electrification, telecommunication, diagnostics, analytics, and worldwide data
infrastructure, while excluding MERMEC’s
investments in Angelstar S.r.l., Mont Saint Michel S.A.S. with its subsidiary
Compagnie des Signaux S.A.S. and MERMEC Deutschland. With
around 1,700 employees, these key businesses serve customers in over 70
countries, having generated revenue of approximately EUR 430 million in FY25.
For this press release
Siemens Mobility
is a separately managed company of Siemens AG. As a leader in intelligent transport solutions for more than 175 years, Siemens Mobility is constantly innovating its portfolio. Its core areas include rolling stock, rail automation and electrification, a comprehensive software portfolio, turnkey systems as well as related services. With digital products and solutions, and the use of industrial AI, Siemens Mobility is enabling mobility operators worldwide to make their infrastructure intelligent, increase value sustainably over the entire lifecycle, enhance passenger experience, and guarantee availability. In fiscal year 2025, which ended on September 30, 2025, Siemens Mobility posted revenue of €12.4 billion and employed around 43,400 people worldwide. Further information is available at: www.siemens.com/mobility
Notes and forward-looking statements
This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in prospectuses, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens’ management, of which many are beyond Siemens’ control. These are subject to a number of risks, uncertainties and factors, including, but not limited to those described in disclosures, in particular in the chapter Report on expected developments and associated material opportunities and risks in the Combined Management Report of the Siemens Report (siemens.com/siemensreport), and in the Interim Group Management Report of the Half-year Financial Report (provided that it is already available for the current reporting year), which should be read in conjunction with the Combined Management Report. Should one or more of these risks or uncertainties materialize, should decrees, decisions, assessments or requirements of regulatory or governmental authorities deviate from our expectations, should events of force majeure, such as pandemics, unrest or acts of war, occur or should underlying expectations including future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. This document includes – in the applicable financial reporting framework not clearly defined – supplemental financial measures that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens’ net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently. Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.
This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in prospectuses, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens’ management, of which many are beyond Siemens’ control. These are subject to a number of risks, uncertainties and factors, including, but not limited to those described in disclosures, in particular in the chapter Report on expected developments and associated material opportunities and risks in the Combined Management Report of the Siemens Report (siemens.com/siemensreport), and in the Interim Group Management Report of the Half-year Financial Report (provided that it is already available for the current reporting year), which should be read in conjunction with the Combined Management Report. Should one or more of these risks or uncertainties materialize, should decrees, decisions, assessments or requirements of regulatory or governmental authorities deviate from our expectations, should events of force majeure, such as pandemics, unrest or acts of war, occur or should underlying expectations including future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. This document includes – in the applicable financial reporting framework not clearly defined – supplemental financial measures that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens’ net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently. Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.