Hitachi Rail finalizes Thales GTS acquisition

Hitachi Rail finalizes Thales GTS acquisition Image credit: Hitachi Rail

Hitachi Rail has completed its $1.8 billion acquisition of Thales’ Ground Transportation Systems (GTS) business, expanding its global presence to 51 countries with the majority of its revenues now coming from “higher return signaling and systems.” Post-closing Fiscal Year 2023 combined annual revenues of $7.9 billion are projected. 

With addition of Thales technology, Hitachi Rail systems (which include those of such predecessor companies as Union Switch & Signal and Ansaldo STS) enhances the portfolio of transport solutions with expertise in rolling stock, urban turnkey railways, main line digital signaling, freight signaling, and communication and supervision systems.

Hitachi Rail’s key locations in Japan, Italy, the U.K. and the U.S. are strategically complemented by GTS’ large centers in Germany, France, Spain and Canada, with both businesses having an established reputation in the wider European market, the Middle East and Asia-Pacific.

Under a pre-Thales-acquisition, 30-year RSSOM (rolling stock, systems, operations and maintenance) contract, Hitachi Rail is delivering the new, 9.7-mile C$9 billion Ontario Line in Toronto as leader of the Connect 6ix consortium. Hitachi Rail is also delivering vehicles and systems with long-term maintenance of the 11-mile, C$500 million Hazel McCallion (formerly called Hurontario) LRT project, due to begin service in 2025.

Source: Hitachi Rail