Thales Sells Ground Transportation Systems Business to Hitachi Rail for €1.66 Billion
Thales, a global leader in technology solutions, has officially announced the completion of the sale of its Ground Transportation Systems business to Hitachi Rail for a staggering €1.66 billion. The deal was finalized on May 31, 2024, marking a significant strategic move for both companies.
The Ground Transportation Systems division of Thales is renowned for its expertise in rail signaling, train control systems, telecommunications, supervision systems, and ticketing solutions. By divesting this business unit, Thales aims to streamline its focus on three high-growth markets: Aerospace, Defense & Security, and Cybersecurity & Digital Identity.
The impact of this transaction will be reflected in Thales’ financial results for the second quarter of 2024. This strategic realignment underscores Thales’ commitment to driving innovation and growth in key sectors while optimizing its portfolio for long-term success.
Stay tuned for more updates on Thales and Hitachi Rail as they embark on this new chapter in their respective business endeavors. Copyright (c) 2024 CercleFinance.com. All rights reserved.