Hitachi Rail on May 31 completed its $1.8 billion acquisition of Thales’ Ground Transportation Systems (GTS) business, expanding its global presence to 51 countries with the majority of its revenues now coming
Hitachi Rail will divest its mainline signaling businesses in France, Germany and Britain.
The two companies expect to receive clearance from the European Union for the deal early next month.
Hitachi Rail on Sept. 18 reported refiling its merger notification with the European Commission, which it said formally restarts the merger clearance process for acquiring Thales’s Ground Transportation Systems (GTS) in the European Union.
Hitachi Rail has agreed to acquire Thales’ Ground Transportation Systems business for €1.66 billon (US$1.97 billion). The deal is expected to conclude in late 2022.
