Rail News
In order to obtain final approval for the acquisition of Thales GTS, Hitachi Rail submits a merger notification with the European Commission
18 September 2023 (Europe)
The acquisition of Thales's Ground Transportation Systems (GTS) in the European Union has officially resumed with Hitachi Rail's resubmission of its merger notification to the European Commission.
Ground Transportation Systems (GTS) business of Thales will be acquired by Hitachi Rail, it was revealed in August 2021.
Since then, Hitachi Rail and Thales have worked to close the €1,660 million transaction, obtaining all essential regulatory approvals, including merger permissions in 11 of the 13 required jurisdictions.
After the Commission expressed concerns about the potential effects of the merger on competition for mainline signalling projects in France and Germany, Hitachi Rail withdrew its EU filing in November 2022.
To allay the EC's worries, Hitachi has suggested selling up a chunk of its own signalling business.
Source
https://www.hitachirail.com/press/#/pressreleases/hitachi-rail-files-merger-notification-with-european-commission-as-it-seeks-final-clearance-for-thales-gts-acquisition-3273369
Recommended for you
Eurostar Marks 30 Years of Revolutionizing Cross-Channel Travel
14 November 2024 (Europe) Since its first journey on November 14, 1994, Eurostar has transformed transportation, offering millions of passengers a fast and convenient way to travel between city centers across Europe. Since 1994, over 380 million passengers have traveled on Eurostar’s routes. Eurostar offers fast-track check-in services in London, Paris, and Brussels, along with onboard Wi-Fi. It was also the first to elevate train travel into a fine dining experience, featuring a team of chefs and a sommelier on board. Source https://mediacentre.eurostar.com/mc_view?language=&article_Id=ka4Rz00000AIRaHIAX
6 months ago
Read MoreÖBB Rail Cargo Group launches new TransFER route between Belgrade and Rijeka
30 October 2024 (Vienna) ÖBB Rail Cargo Group (RCG) has expanded its network with a new direct route connecting Serbia and Croatia. This route connects two key rail freight hubs, enhancing logistics between the two countries. The TransFER Belgrade–Rijeka service, operated by RCG with in-house traction, runs 1 to 2 round trips per week with a transit time of up to 24 hours. Source https://presse-oebb.at/news-oebb-rail-cargo-group-with-new-transfer-belgrade-rijeka-?id=207889&menueid=29817&l=english
6 months ago
Read MoreAlstom has successfully delivered the first trainset for the Taipei Wanda Line
12 November 2024 (Taiwan) Alstom announced the successful delivery of the first fully automated, four-car Metropolis train to Taipei City Government's Department of Rapid Transit Systems for the Wanda-Zhonghe-Shulin Line. The 22.8-kilometer medium-capacity metro line will provide seamless connections between Taipei and New Taipei City, cutting travel time by 30 minutes once fully operational. Passengers will enjoy more convenient travel between districts in New Taipei City, including Zhonghe, Shulin, Tucheng, and Xinzhuang. Source https://www.alstom.com/press-releases-news/2024/11/alstom-successfully-delivers-first-trainset-taipei-wanda-line
6 months ago
Read More