Is Hitachi Rail Acquiring Thales’ Rail Business?

Hitachi Rail is prepared to divest certain European assets to secure approval for its deal with Thales related to the railway business, as reported by the railway portal Railway Supply.

The proposal includes the sale of all shares of its subsidiary, Hitachi Rail STS France, engaged in signaling systems, along with facilities in Rome and Les Ulis, as well as intellectual property rights for several signaling solutions.

Braking Systems for High-Speed Trains

Additionally, the potential sale of all assets in the field of mainline railway technologies in the UK and Germany, including the order portfolio, is under consideration.

These assets will be consolidated for sale under a new legal entity within Hitachi Rail France.

This strategic move is aimed at obtaining approval for the acquisition of Thales’ railway business and securing the green light from competition and market regulatory authorities in the UK.

Regulatory authorities now perceive fewer risks in the merger, and the final decision is expected by October 6th.

Previously, regulators viewed this deal as undesirable, and approval within EU bodies is still pending.

Photo: Thales

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