FS Fabbrica Italiana Treni, the newly established subsidiary of the Italian state railway group Ferrovie dello Stato (FS), has completed the takeover of rolling stock manufacturer Titagarh Firema, previously owned by India’s Titagarh group.
The €67‑million deal includes €41 million for the business unit itself, with the remainder covering outstanding debts and commitments. Regulatory approval for the acquisition was granted in February.
FS’s Chief Executive Officer, Stefano Antonio Donnarumma, stated on 4 March that bringing Firema into the group forms part of the 2025–2029 strategic plan, aimed at “strengthening the industrial chain and consolidating technological capabilities.” Donnarumma noted that the integration would enhance coordination between design and production, boosting operational efficiency and supply chain resilience.
Based in Caserta, near Naples, Firema was acquired by the Titagarh group in 2015. After experiencing financial difficulties in 2025 due to a legal dispute with Trenitalia, the company filed for insolvency protection.
Now, its incorporation into FS will ensure continuity in the production of 70 sleeper coaches for Trenitalia and will support the delivery of 38 EMUs for the Roma–Lido and Roma–Viterbo suburban lines.