AdvertisementEuronext Paris (Metro Rail News): Entry into exclusive negotiations with Hitachi Rail on the sale of the “Ground Transportation Systems” business, for an enterprise value of € 1,660 million. With around 9,000 employees at the end of 2020, Ground Transportation Systems is a global leader in Rail Signaling and Train Control Systems, Telecommunications and Supervision systems and Fare collection solutions, key technologies for more sustainable mobility. Thanks to the strong technical, geographical and commercial complementarities between Hitachi Rail and Ground Transportation Systems, the combination will create a leading rail signalling provider with a broader product offering and stronger capabilities to meet customer demand around the world. The combined strength of Hitachi and GTS’s digital expertise will also help Hitachi Rail to accelerate its Mobility as a Service (“MaaS) offering. “After discussions with key market players, Thales has selected the best industrial partner to ensure a successful long term development of its ground transportation business.

Source: MetroXpress August 04, 2021 08:19 UTC