The board of directors of Ansaldo STS, meeting in Naples under the chairmanship of Alessandro Pansa, has approved the merger into Ansaldo STS of its fully-owned subsidiaries, pursuant to article 2505 of the Italian civil code:
- Ansaldo Trasporti - Sistemi Ferroviari SpA, an Italian company operating in the transport systems sector, which designs, produces, installs, integrates, manages and maintains turnkey rail and metro systems, and
- Ansaldo Segnalamento Ferroviario SpA, an Italian company operating in the signalling sector, which designs, produces, manages and maintains signalling and rail and metro traffic monitoring systems, subsystems and components aimed at increasing the safety and efficiency of rail and metro transport systems.
The resolution approving the merger represents a further step in the rationalisation and simplification of the structure of the Ansaldo STS group launched at the end of 2007, which also includes the dissolution of the Dutch sub-holding Ansaldo Signal NV. As a result of this, some of the group’s foreign operating companies, such as Ansaldo STS France and the American company Union Switch & Signal, will be directly controlled by the parent company.