In 1989, the British company Telfos Holdings gained a majority of the shares in Ganz Railway Vehicle Factory Co. Ltd. and the name of the company was changed to Ganz-Hunslet Co. Ltd. In the course of 1991 and 1992, the Austrian company Jenbacher Werke obtained 100% of the company's shares and consequently the railway vehicle factory is now a member of the international railway vehicle manufacturing group, Jenbacher Transport Systeme. At present, the Ganz Electric Works, under the name of Ganz-Ansaldo is a member of the Italian industrial giant, AnsaldoBreda. The Ganz Works were transformed into holdings. Ganz-Danubius was wound up in 1994. The Ganz Electric Meter Factory in Gödöllő became the member of the international Schlumberger group.