European Business
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
European Business
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
European Business
No Result
View All Result
Home < INDUSTRIES Rail

Hitachi Rail provides an update on the schedule regarding the acquisition of Thales’s Ground Transportation Systems business

by Alex Weber
December 10, 2022
A A
Share on LinkedinShare on Twitter

Hitachi Rail’s planned acquisition of Thales’s Ground Transportation Systems (GTS) business was announced in August 2021. Since that time, Hitachi Rail and Thales have been making steady progress towards securing the regulatory approvals necessary for the transaction to proceed, including achieving merger clearances in 9 out of the 13 required jurisdictions. Hitachi Rail is currently in discussion with the European Commission’s Directorate-General for Competition (DG Competition) with a view to securing approval of the transaction in the EU.

On 9 December, the UK’s Competition and Markets Authority (CMA) announced its intention to open a “Phase II” review of the transaction. The parties are reviewing the decision, but as a result it is now likely that the closing of the transaction will occur in the second half of 2023, instead of early 2023.

Hitachi Rail and Thales strongly believe in the competitive benefits of the transaction, which will deliver value for customers in the rail signalling and mobility sectors in the UK, Europe and globally. Despite being disappointed by impact of the CMA’s decision on the timeline, Hitachi Rail remains committed to working with Thales and all regulatory bodies to ensure the successful close of the transaction as soon as possible.

Tags: < Invest

Related Industries

Rail

Siemens Mobility acquires Optrail to expand its Train Planning System functionalities

June 2, 2023
Rail

Alstom announces the appointment of Dana Salloum as Chief Communications Officer

June 1, 2023
Rail

Alstom reinforces its leadership team with the appointment of a new Executive Vice President and Chief Financial Officer and a new Chief Human Resources Officer

May 6, 2023
Rail

GE Power Conversion to supply system upgrade for Network Rail’s Innovation and Development Centre

April 7, 2023
Rail

Alstom’s Virtual Universe: bringing rail innovation to life in a digital world

March 24, 2023
Rail

Alstom and Air Products sign a Memorandum of Understanding with an objective to introduce hydrogen trains in the Czech Republic

December 6, 2022

Sandoz completes acquisition of leading antifungal agent Mycamine® from Astellas, reinforcing leading global anti-infectives portfolio

August 29, 2023

...

Ericsson and M1 partner to deploy the new generation of 5G routers to enable a future- ready mobile transport network

September 1, 2023

...

Huawei and Ocean Research and Conservation Association (ORCA) Show How They Go About Protecting Ireland Marine Life

September 15, 2023

...

KKR Provides £75 million Financing Facility to TalkTalk

September 9, 2023

...

IAA Mobility 2023: Bosch is growing with solutions and technology for the software-defined vehicle

September 5, 2023

...

Hyundai-Kia’s Head of Battery and H2 Fuel Cell Development Chang Hwan Kim Elected as President of FISITA from ’25-’27

September 14, 2023

...

Getting heavy-duty vehicles in gear for net-zero

September 5, 2023

...

XPENG Announces Entry Into the German Market

September 5, 2023

...

Bayer to invest EUR 220 million in new R&D facility at its Monheim site

September 1, 2023

...

Talking not Typing: Continental and Google Cloud Equip Cars with Generative Artificial Intelligence IAA MOBILITY 2023

September 5, 2023

...

Asia Pacific Business Asia Pacific Business Asia Pacific Business

EUROPEAN BUSINESS is a premier source of corporate news, business information and insights across broad spectrum of industries in Europe and worldwide.  We are one of the members of the Business World Network.

RESOURCES

  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS

CONTACT US

EDITORIAL:     editor # european-biz.com

PARTNERSHIP:     partnership # european-biz.com

HUMAN RESOURCE:     hr # european-biz.com

* (replace # with @)

  • Official Site

Copyright © EUROPEAN-BIZ.COM All rights reserved.

No Result
View All Result
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS

Copyright © EUROPEAN-BIZ.COM All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist