Hitachi buying Breda

[CHamilton]

Finmeccanica Sells Rail Units

ROME — Four years after it announced its intention to get out of the rail business, Finmeccanica said on Tuesday it had signed to sell its rolling stock and signals units, cutting its debt by 15 percent and leaving it as a dedicated defense, security and aerospace company.
The Italian group has agreed to sell rolling stock unit Ansaldo Breda and its 40 percent stake in signalling unit Ansaldo STS to Hitachi Ltd. in a deal potentially worth €1.9 billion (US $2.2 billion); which Finmeccanica said would cut €600 million from its €4.1 billion debt.

 

[Blackwolf]

Wow... That's a game-changer in many ways. I can invision Hitatchi "cleaning house" at Breda pretty quickly. The Japanise don't put up well with poor quality products, like the type Breda is infamous for.