(ČIA) Škoda Transportation has signed an agreement to purchase a 100% stake in the Ostrava-based company EKOVA ELECTRIC. The transfer of the stake from the current owner, the Ostrava Public Transport Company (DPO), will take place in 2021. Škoda Transportation’s board chairman and president Petr Brzezina said that the group will build a competence center in Ostrava focused on vehicle repairs and modernization for DPO and other transport companies. Investments in technological equipment are also planned. As ČIANEWS informed, the stake’s offer purchase price totals CZK 416.4m. The basic enterprise value is CZK 270m.