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Skoda Group acquires energy subsidiary

Skoda Group has made a global acquisition that will see it strengthen its electrical equipment capabilities for transport vehicles

As part of its ongoing development, vehicle manufacturer Skoda Group has announced it has acquired 100 per cent of the shares of Cegelec a.s from VINCI Energies.

VINCI Energies is a subsidiary of the multinational industrial group VINCI, with the acquisition allowing Skoda to expand its portfolio with additional components for various public transport vehicles.

Skoda Group board of directors chair and Skoda Electric sales director Karel Majer says the acquisition will allow Skoda to gain a highly experienced team of employees, with Cegelec to continue its business activities within Skoda under the new name of Electric Components a.s.

Cegelec, based in its Prague headquarters in the Czech Republic, develops electric equipment primarily for public transport, including trams, buses and rail locomotives.

Image: Skoda Group

“Škoda Group is undergoing long-term development, which includes strengthening our R&D, production and service capacities,” Majer says.

“We are looking forward to working with new colleagues and to working on interesting projects – both existing and new ones – that will soon await us.”

Cegelec, now Electric Components a.s, also cooperates with other companies to modernise rolling stock, especially for trams.

“I believe that the combination of our know-how will contribute to the expansion of our joint activities in other projects around the world,” former Cegelec CEO and now Electric Components board chairman Miroslav Opa says.

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