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Europe Daily Bulletin No. 13283

1 November 2023
ECONOMY - FINANCE - BUSINESS / Competition
Commission authorises, subject to conditions, acquisition of railway signalling activities of French company Thales by Japanese company Hitachi Rail
Brussels, 31/10/2023 (Agence Europe)

On Monday 30 October, the European Commission announced that it had authorised the proposed acquisition of the rail signalling or Ground Transportation Systems business of Thales (France) by Hitachi Rail, a subsidiary of Hitachi (Japan). The authorisation is subject to full compliance with the commitments proposed byHitachi Rail.

The two entities, which are close competitors, are the main suppliers of railway signalling services in the European Economic Area (EEA).

In its investigation,...

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