EUROPE: Faiveley Transport has purchased the remaining 25% of Czech pantograph and electro-mechanical equipment supplier Lekov, having owned a 75% stake since December 2002.
Faiveley Transport Lekov is now Faiveley's centre of competence for pantographs and related electromechanical equipment, with 270 employees and sales of €24m.
Announcing the purchase on March 11, Faiveley said the acquisition is part of a strategy of supplying products to manage on-train electrical power from current collection through to conversion, distribution and storage, but excluding traction.
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