Thales and Hitachi Rail have announced they’re entering into exclusive negotiations regarding the sale of Thales’s Ground Transportation Systems Global Business Unit for 1,660m euros (1,965.89m USD).

GTS’ Operational Control Centre in Lisbon

© Thales

Ground Transportation Systems (GTS) is a global leader in rail signalling and train control systems, telecommunications and supervision systems and fare collection solutions.

Around 8bn passengers benefit from its rail technologies every year and the business achieved a remarkable turnaround over the past five years, delivering its best financial performance of the past seven years in 2020 and the first half of 2020, despite the Covid-19 pandemic.

Thanks to the strong technical, geographical and commercial similarities between Hitachi Rail and GTS, the combined business will be positioned as a global leader in the rail signalling market.

The companies’ joint digital expertise will also help Hitachi Rail to accelerate its mobility-as-a-service (MaaS) offering.
source= https://railway-news.com/thales-and-hitachi-rail-negotiate-sale-of-ground-transportation-systems-business/