Rail News
Spain's train maker CAF plans a bid for Thales's train signalling business, Expansion reports
Reuters
MAY 20, 2021 (Spain)
MADRID (Reuters) - Spanish train maker CAF plans to make a bid for the signalling arm of French technology group Thales in a transaction possibly worth 1.6 billion euros ($1.95 billion), Spanish newspaper Expansion reported Thursday, citing unidentified financial sources.
Given the size of the deal, CAF is seeking a partner to buy the unit, the newspaper reported.
The train signalling arm is a crucial technology business that allows railways operators to increase the number of trains circulating on rail lines and includes driverless train technology.
A CAF spokesman declined to comment and no one was immediately available at Thales for comment.
($1 = 0.8210 euros)
Source
https://www.reuters.com/article/us-thales-m-a-caf/spains-train-maker-caf-plans-a-bid-for-thaless-train-signalling-business-expansion-reports-idUSKCN2D10JY
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