Hitachi Rail acquires Thales’ Ground Transportation Systems for €1,660m
LONDON, May 31, 2024 (GLOBE NEWSWIRE) -- Hitachi Rail announced today the completion of its €1,660m acquisition of Thales’ Ground Transportation Systems (GTS) business, expanding its global presence to 51 countries with the majority of its revenues now coming from higher-return signalling and systems.
- LONDON, May 31, 2024 (GLOBE NEWSWIRE) -- Hitachi Rail announced today the completion of its €1,660m acquisition of Thales’ Ground Transportation Systems (GTS) business, expanding its global presence to 51 countries with the majority of its revenues now coming from higher-return signalling and systems.
- The closing sees 9,000 highly skilled colleagues join the business taking Hitachi Rail to 24,000 employees worldwide.
- “With Thales’ Ground Transportation Systems team on board, we can better deliver the sustainable mobility transition for the world’s best transport companies.
- The headline image can be found here – it is of an employee at Hitachi Rail’s new site in Ditzingen, Germany, formerly Thales Ground Transportation Systems.