Hitachi Rail agrees to acquire US transit-tech firm Clever Devices

Hitachi Rail has signed a definitive agreement to acquire Clever Devices, a supplier of fleet-management and passenger-information technology for transit agencies based in Woodbury (New York), with more than 600 employees and 2026 revenue expected to exceed USD 220 million (about EUR 190 million). Its customers include eight of the ten largest North American transit operators; Hitachi plans to integrate the technology into its HMAX Mobility platform and to grow beyond rail into multimodal mobility and in North America. No purchase price is disclosed, and completion is expected later this year once regulatory approvals are in (LOK Report, 7 Apr 2026). Update (1 Jul 2026): Hitachi Rail has completed the acquisition of Clever Devices (Hitachi Rail, press release, 1 Jul 2026).