ON JULY 1 Skoda Electric sro completed a merger with Skoda Trakcní Motory sro, and took over traction component casing production from Skoda Dopravní Technika sro.

Skoda Holding, owned by Appian Group, began combining its electric traction systems manufacturing activities into a single entity at the start of the year, establishing Skoda Electric to take over production of power electronics and drives from Skoda Energo.

Skoda Electric estimates its sales for this year at Kc840m, and predicts sales of Kc1bn next year. Chief Executive Officer V