Škoda acquires Czech Cegelec from VINCI

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Czech multimodal transport producer Škoda Group has acquired electrical parts OEM Cegelec. The corporate has been renamed Electrical Elements because it joins the Group operations. 

Cegelec was owned by Vinci Energies, a part of the French VINCI group, till Škoda Group bought 100% of Cegelec shares. The corporate’s manufacturing facility and headquarters are in Prague, Czechia. 

The engineering agency produces electrical parts for trams, metro and suburban rolling inventory. It’s beforehand been contracted to modernise rolling inventory with ČKD Praha. 

Škoda stated the enlargement of its portfolio with the acquisition included “further parts for numerous public transport automobiles and an fascinating vary of companies.”

The re-branded firm will function as a division of the Škoda Electrical household. Its chairman defined the timing of the acquisition. 

“Škoda Group is present process long-term improvement, which incorporates strengthening our R&D, manufacturing, and repair capacities. We’re trying ahead to working with new colleagues and to engaged on fascinating initiatives – each current and new ones – that may quickly await us,” stated Karel Majer.

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