Teleste Strengthens Presence in Italy
Teleste Corporation announced that it has acquired Ermetris, the Italian company specialized in rail electronics and related services.
The acquisition strengthens Teleste’s presence and capabilities to deliver services for rolling stock manufacturers and public transport operators in Italy, one of the key market areas of the company’s Rail Information Solutions business. Ermetris designs and manufactures electronic products for the public transport market in Italy and Europe, and provides related services to mainly Italian railway and public transport operators. The company has been a local service partner for Teleste for many years in several major deployment projects. Teleste’s solutions are currently installed in more than 500 trains in Italy. Through the acquisition, the company will be able to offer its customers increased local presence and the expertise of the Ermetris team as part of its lifecycle services. The acquisition will also create a new repair competence center, serving both Teleste’s and Ermetris’ public transport customers in Southern Europe and complementing the repair centers in Finland and Poland.
