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Image header Agence Europe
Europe Daily Bulletin No. 13283
ECONOMY - FINANCE - BUSINESS / Competition

Commission authorises, subject to conditions, acquisition of railway signalling activities of French company Thales by Japanese company Hitachi Rail

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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