M&A Deal Summary

Hitachi Rail Acquires Thales’ Ground Transportation Systems Business

On August 4, 2021, Hitachi Rail acquired transportation company Thales’ Ground Transportation Systems Business from Thales for 1.7B EUR

Acquisition Highlights
  • This is Hitachi Rail’s 1st transaction in the Transportation sector.
  • This is Hitachi Rail’s 0th largest (disclosed) transaction.
  • This is Hitachi Rail’s 1st transaction in France.

M&A Deal Summary
Date 2021-08-04
Target Thales’ Ground Transportation Systems Business
Sector Transportation
Buyer(s) Hitachi Rail
Sellers(s) Thales
Deal Type Divestiture
Deal Value 1.7B EUR

Target

Thales’ Ground Transportation Systems Business

Courbevoie, France
Thales’ Ground Transportation Systems Business consists of four segments: mainline railroad signaling systems, urban rail signaling, integrated communication systems, and revenue collection systems. Thales’ Ground Transportation Systems Business is based in Courbevoie, France.

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Buyer(S) 1

Buyer

Hitachi Rail

London, United Kingdom
Category Company
Sector Transportation
DESCRIPTION

Hitachi Rail is a fully integrated, global provider of rail solutions across rolling stock, signalling, service & maintenance, digital technology, and turnkey solutions. With a presence in 38 countries across six continents and over 12,000 employees, the company's mission is to contribute to society through developing superior rail transport solutions continuously. Hitachi Rail is based in London.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
Country (France) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

Thales

Meudon, France
Category Company
Founded 1893
Sector Safety/Security
Employees76,299
Revenue 18.4B EUR (2023)
DESCRIPTION
Entrance to a Thales facility in Irvine, California.
Entrance to a Thales facility in Irvine, California.

Thales is a provider of integrated solutions and equipment of security systems primarily to the aerospace and defense markets. Thales was founded in 1893 and is based in Meudon, France.

DEAL STATS #
Overall 8 of 8
Sector (Transportation) 2 of 2
Type (Divestiture) 8 of 8
Country (France) 3 of 3
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-04 Ground Transportation Systems

Courbevoie, France

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. Around 8 billion passengers benefit from GTS’s rail technologies every year.

Sell €1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 RUAG International’s Simulation & Training Business

Bern, Switzerland

RUAG International’s Simulation & Training Business develops sophisticated training technologies for Land Forces. It has a strong track record in training services and benefits from a solid market reputation, long-term contracts and decades of investment in products and technologies. RUAG S&T is engaged in significant contracts including with ARMASUISSE and other key customers.

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