“Škoda Group is undergoing long-term development, which includes strengthening our R&D, production, and service capacities. 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,” said Karel Majer, Chairman of the Board of Directors and Sales Director of Škoda Electric a.s., part of Škoda Group, under which the newly acquired company will operate.

Cegelec a.s. (now Electric Components a.s.) is a company engaged in the development and production of electrical equipment with a focus on public transport. Its main focus is on the supply of electrical equipment for trams, trolleybuses, metro and suburban railways. In cooperation with other entities, it is also involved in the modernisation of rolling stock, especially trams from the original production of ČKD Praha.