Siemens to buy Italy's Mer Mec in 1 bln euro deal, source says

Siemens AG

12/05/2026 11:06

MUNICH, May 12 (Reuters) - Siemens SIEGn.DE has agreed to buy Italian rail technology Company Mer Mec in a deal worth around 1 billion euros ($1.17 billion), a person familiar with the matter told Reuters on Tuesday.

Mer Mec, based in Monopoli near Bari, is owned by the investment holding company Angel Holding, headed by its CEO Vito Pertosa.

Siemens declined to comment.

($1 = 0.8514 euros)

 (Reporting by Alexander Hubner, writing by John Revill; editing by Matthias williams)

 ((John.Revill@thomsonreuters.com; +41 41 528 36 37; Reuters Messaging: john.revill.thomsonreuters.com@reuters.net))