Iders Incorporation has been acquired by GE Transportation to provide its customers with access a new portfolio of digital solutions.
Iders Incorporation is an electronic product designer and manufacturer company for rail industry.
The strategic move will help GE create an efficient rail operations network, which uses sensor data and analytics to provide smarter solutions to customers.
Ferrovie dello Stato Italiane (FS Italiane) has signed a €64.5m ($67.34m) agreement to buy Astaldi’s 36.7% stake in Metro-5 SpA (M5).
Astaldi retains a 2% stake in M5, with the company responsible for construction of Line-5 of Milan Metro in Milan, Italy, and also continued support in development of the project.