Stadler's Budapest Center Turned into Limited Company

The Budapest subsidiary of the Stadler Group, which is responsible for the management of the Hungarian railway network, has been transformed into a joint-stock company as of July 1, 2023, the change was justified by the expansion of its scope of duties, which is justified by the control of projects and the strengthening of the Hungarian supply chain, the Swiss central railway vehicle manufacturer told MTI on Monday.

Stadler Trains Hungary Plc. is managed by a three-member board of directors: Róbert Homolya as chairman, responsible for planning and implementing the company's domestic strategy; Csaba Kiss, who has held various positions in the group for 15 years, in charge of the operational work as CEO; while the third member representing the owner is Peter Spuhler, Chairman of the Stadler Group.

The transformation of the Budapest headquarters into a public limited company will not affect the operation and management of Stadler's subsidiaries in Szolnok and Pusztaszabolcs.

Stadler's headquarters in Budapest was established in 2005 to support the ordering of FLIRT motor trains in Hungary. Since then, the group has sold 143 FLIRT trains, 40 KISS double-decker multiple units and 12 Citylink tram-trains in Hungary.

Stadler employs more than 750 people in Hungary, and its combined turnover in 2022 was more than HUF 57 billion, an increase of around 6.5% compared to the previous year.