Hitachi Rail will divest its mainline signaling businesses in France, Germany and Britain.
Thales Ground Transportation Systems
The two companies expect to receive clearance from the European Union for the deal early next month.
Hitachi Rail on Sept. 18 reported refiling its merger notification with the European Commission, which it said formally restarts the merger clearance process for acquiring Thales’s Ground Transportation Systems (GTS) in the European Union.
Hitachi Rail has agreed to acquire Thales’ Ground Transportation Systems business for €1.66 billon (US$1.97 billion). The deal is expected to conclude in late 2022.