Siemens is studying a potential acquisition of Mer Mec, an Italian rail-technology company, in a deal that could value the target at more than €1 billion.
Advisers are already working with the German industrial group as it evaluates the purchase, according to people familiar with the matter.
Mer Mec makes signaling and communications equipment for trains, giving Siemens a possible way to deepen its rail technology portfolio through a targeted European buyout.
As Siemens eyes a €1B+ deal, is it buying a rail company or a valuable industrial AI powerhouse?
Could this billion-dollar move spark an M&A frenzy as rail giants race for smart track technology?