04:30 AM EDT, 05/14/2026 (MT Newswires) -- Siemens (SIE.F) mobility division agreed to acquire several key businesses of Italian railway signaling systems company Mermec Group, according to a Thursday release.

Siemens Mobility's acquisition will specifically cover Mermec's businesses in Italian wayside signaling, electrification, telecommunication, diagnostics, analytics, and worldwide data infrastructure, along with all associated employees, sites, and industrial capabilities.

Meanwhile, Mermec's investments in Angelstar, Mont Saint Michel and its subsidiary Compagnie des Signaux, and Mermec Deutschland will be excluded from the transaction.

The German technology conglomerate said the deal is set to close by the end of 2026, and is expected to be EPS accretive two years after.