Hitachi Rail enters agreement to acquire Thales’ Ground Transportation Systems business
TOKYO / LONDON, 4 August 2021 – Hitachi, Ltd. (TSE: 6501, “Hitachi”). Hitachi Rail today agreed to acquire Thales’ Ground Transportation Systems business (the “Business” or “GTS”) for an enterprise value of €1,660 m (~¥215 bn). The final purchase price will be determined after customary adjustments typical for a transaction of this nature. The acquisition is expected to close in late FY2022[1], su