Press release -
Hitachi Rail receives clearance from UK anti-trust authority for acquisition of Thales’ Ground Transportation Systems
Hitachi Rail working with the European Commission to achieve final anti-trust clearance
Hitachi Rail has received clearance from the UK’s anti-trust authority, the Competition and Markets Authority, for its acquisition of Thales’ Ground Transportation Systems (GTS) business.
Hitachi Rail and Thales have been progressing towards completing the €1,660 million deal, and have now secured the regulatory approvals in 12 of the 13 jurisdictions where merger clearance is required.
Responding to points raised by both the European Commission and the CMA, Hitachi Rail has worked closely with the relevant parties to develop mitigations. Having recently refiled with the European Commission (14 September 2023), Hitachi Rail anticipates a final anti-trust decision on its proposed acquisition by early November.
Commenting on achieving clearance from the CMA, a Hitachi Rail spokesperson, said: “Having gained clearance from the CMA, we are now focused on achieving the final anti-trust clearance from the European Commission.
“We believe strongly in the competitive benefits of the deal to acquire Thales’ Ground Transportation Systems, which will deliver value for customers in the rail signalling and mobility sectors in Europe and around the world.”
ENDS
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About Hitachi Rail:
Hitachi Rail is connecting the future of mobility - helping every passenger, customer and community enjoy the benefits of more seamless, sustainable journeys. The company's pioneering technology enables more than 18bn passenger journeys and helps to transport millions of tonnes of freight every year.
As a trusted partner to operators around the world, Hitachi Rail delivers every part of the railway, from manufacturing and maintaining high speed bullet trains to digital signalling infrastructure and more.
Hitachi Rail is delivering value for its customers through Digital Transformation. The company's new Smart Mobility and Digital Asset Management solutions are cutting costs, carbon and congestion, while offering more choice and convenience to passengers than ever before.
Hitachi Rail is becoming a climate change innovator by innovating greener products with its customers - such as battery trains, and through its commitment to reduce its own CO2 emissions to net zero by 2030.
Hitachi Rail’s reach is global, but its business is local - with success built on investing in the people and communities that it serves. With over 14,000 employees in 38 countries, the company is growing and looking to recruit diverse talent now.
Find out about more by visiting hitachirail.com or hitachirail.com/careers/
