Press release -
Hitachi Rail responds to the UK Competition and Markets Authority's provisional findings of its investigation into Hitachi's planned acquisition of Thales Ground Transportation Systems
In response to the publication of the Competition and Markets Authority's (CMA) provisional findings in its investigation into Hitachi Rail's planned acquisition of Thales Ground Transportation Systems (GTS), a Hitachi Rail spokesperson said:
“We are disappointed by the CMA’s provisional findings and will now closely examine how we can respond to the concerns raised. Hitachi remains of the firm view that the merger will not substantially lessen competition for UK signalling projects.
“We are reviewing the proposed provisional findings as a matter of absolute priority and we remain committed to addressing the CMA’s concerns through a cooperative approach. Our focus now is to find the best potential mitigations and an appropriate way forward.
“Regulatory approvals have been secured in all other relevant jurisdictions except the EU, where we are making good progress towards securing clearance from the European Commission this summer. This merger will be good for competition and benefit customers in the UK and internationally.”
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 every year and helps to safely transport millions of tonnes of freight.
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/
