(AOF) – Thales and Hitachi have announced that they have made significant progress towards finalizing the sale of the former’s Ground Transportation Systems (GTS) business. The two groups have obtained most of the regulatory authorizations necessary to complete the transaction. Over the past months, the parties have held constructive discussions with the Directorate-General for Competition of the European Commission regarding this transaction. Following these discussions, Hitachi Rail resubmitted its notification proposal to the European Commission.
The two Groups are continuing their discussions with the authorities concerned in order to finalize this transaction during the first half of 2024.
Hitachi Rail is also awaiting a decision from the UK Competition Authority (CMA) on their latest proposal soon.
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