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.
Britain’s rail regulator, the Office of Rail and Road (ORR), says a remedy package proposed by Hitachi Rail under which it will divest certain business assets would satisfy concerns over future competition
The New York Metropolitan Transportation Authority (MTA) on March 6 awarded a new contract to Crosstown Partners, a consortium of Thales and TC Electric (TCE), for the supply of SelTrac™ communications-based train control (CBTC) technology and to maintain the Crosstown Line system for 25 years. TCE as the construction contractor will upgrade the stations, wayside and track.
Chattanooga, Tenn.-based Bohr Electronics lands an electrical cabinet contract from CSX as part of the Class I railroad’s locomotive rebuild program. Also, electrification and automation supplier ABB sells its Power Conversion division, based in Plano, Tex.; and Thales selects Bengaluru, India-based L&T Technology Services Ltd. to provide 5G-driven connectivity solutions.
The review by Britain’s Competition and Markets Authority has pushed back completion of Hitachi’s acquisition of Thales’ signaling division from March-April 2023.
Wabtec Corporation (Wabtec) opens first European Transit Performance Optimization Center (TPOC) in Derby, U.K. Also, Rail Vision Ltd. (Rail Vision) receives notice of allowance from the U.S. Patent and Trademark Office (USPTO);
TransLink has awarded two contracts to Thales under the Expo and Millennium Upgrade Program to enable a 22 km (13.6-mile) expansion of the fully automated Metro Vancouver SkyTrain system, with 41 new
Nexxiot has launched a cargo monitoring device to provide real-time shipment location, status and condition data via the cloud. Also, Société de transport de Montréal (STM) has exercised a contract option with Thales for eight additional computer-based interlocking systems.
Los Angeles County Metropolitan Transportation Authority (LACMTA) has installed earthquake early warning systems at 26 rail and bus division facilities. In addition, New York Metropolitan Transportation Authority (MTA) is forming a subsidiary to oversee the new East Side Access project terminal; South Florida Regional Transportation Authority’s (SFRTA) Tri-Rail is resuming full service; Thales has delivered interlocking systems for three Société de Transport de Montréal (STM) rapid transit stations; and Wabtec will provide doors, brakes, HVAC systems and event recorders for Metra’s new multilevels.