1853–2006: Ancestor companies The company’s namesake comes from the Italian company
Gio. Ansaldo & C., which was founded in 1853 in Genoa, Italy by Giovanni Ansaldo.
Gio. Ansaldo & C. began as a steam locomotive producer, which diversified into shipbuilding and electrical and nuclear energy production. In 1881, the US company
Union Switch & Signal (US&S) was founded by
George Westinghouse in
Pittsburgh, Pennsylvania from the assets of the Interlocking Switch & Signal Company (interlocking controls) and the Union Electric Signal Company. The latter was founded by the American engineer and inventor
William Robinson, the father of
track circuit systems. In 1988 US&S was acquired by Ansaldo STS, operating independently until 2009, when it became "Ansaldo STS USA", the North American
subsidiary of Ansaldo. In Europe, Ansaldo STS expanded acquiring the
French company
Compagnie des Signaux pour Chemins de fer (CSE) in 1996. Founded in 1902 by
Fernand Cumont with the support of the financial group
Empain, CSE built the first lines of the
Paris metro: the maintenance of these lines continues until today. In 1920 CSE (independent since 1912) was renamed into Company and Business Electrical Signals (CSEE), concentrating on rail signaling and electrical manufacturing, contributing to create
SAGEM and later (1996) entering in the Ansaldo Signal group. In 1993 the parent company Ansaldo SpA was merged into the
Finmeccanica holding, a state-owned entity privatized during the same year. In 2001, Ansaldo SpA’s transportation business was separated and divided into three companies:
AnsaldoBreda (rolling stock manufacturer); Ansaldo Segnalamento Ferroviario (signaling and rail traffic control automation); Ansaldo Trasporti Sistemi Ferroviari (transport systems design construction and maintenance). Ansaldo Segnalamento Ferroviario became the parent company of Ansaldo Signal (
railway signalling), the owner of Union Switch & Signal and CSEE.
2006–2019: Ansaldo STS The company was founded as "Ansaldo STS" in 2006 through the merger of Ansaldo Trasporti Sistemi Ferroviari and Ansaldo Signal. It began trading on the Milan Stock exchange, with 60% of its shares publicly held and 40% owned by Finmeccanica S.p.A. Both companies had their roots in the
Ansaldo engineering conglomerate which was gradually absorbed by Finmeccanica. Ansaldo Trasporti Sistemi Ferroviari was created in 2000, acquiring certain units of
Ansaldo Trasporti (which had been fully integrated into Finmeccanica) the following year. On 24 February 2015
Hitachi acquired Finmeccanica’s 51% shareholding and initiated a
tender offer for the remaining shares of the company. In the occasion of the Ordinary General Shareholders’ Meeting on 2 November, Hitachi Rail Italy Investment completed the acquisition of the 40% of the share capital of Ansaldo STS. During the first meeting of the new board of directors, chaired by Alistair Dormer,
Stefano Siragusa was confirmed as chief executive officer and general manager of the company, with the powers to manage the company and the group. In March 2015, after the public tender offer launch on the society and after the purchase of other shares at 10.5 euros each, Hitachi Rail Italy Investments arrived at 50.7% of the share capital. Hitachi has a long term goal of integrating the company to provide a range of cars and signaling products and a manufacturing footprint in Europe. Stefano Siragusa, chief executive officer and general manager of the company, resigned on 31 March 2016 and remained in charge until 13 May 2016 when, on the occasion of the shareholders’ general meeting the new board of directors were elected. On 24 May, the new Board appointed Andrew Barr as the new chief executive officer and general manager of Ansaldo STS. Andrew Barr was also granted the operational powers necessary for the management of the company and the group. In October 2018, Hitachi agreed to buy Elliot Management's remaining 32% shareholding. Hitachi subsequently made a takeover offer for the remaining shares. On 22 January 2019 Hitachi announced it had gained a 99% shareholding.
Since 2019: Hitachi Rail STS Ansaldo STS was officially delisted from
Borsa Italiana and renamed Hitachi Rail STS on 30 January 2019. In 2024, Hitachi Rail and
MERMEC signed a put option agreement for the sale of Hitachi Rail’s main line signalling business in France and its signalling business units in Germany and the UK. ==Operations==