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Hitachi Makes Big Statement With Thales Acquisition
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Thales venderá división de señalización ferroviaria a Hitachi Rail
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Thales To Sell Its Rail Business To Hitachi
NEUILLY-SUR-SEINE (dpa-AFX) - Thales (THLEF.PK) and Hitachi Rail said they are entering into exclusive talks on the sale of Thales s Ground Transportation Systems for an enterprise value of 1.66 billion euros. Employee representative bodies of both companies are being consulted on the project. The deal is anticipated to close by end 2022 or early 2023. With this, we will be able to focus on the development of our 3 high-tech long-term growth businesses, each of them able to sustainably deliver double-digit margins -Aerospace, Defense & Security, and Digital Identity & Security, said Patrice Caine, Chairman and CEO, Thales.
French company Thales raises 2021 sales goal after solid H1 Reuters 18 hrs ago © Reuters/Regis Duvignau FILE PHOTO: The logo of French defence and electronics group Thales is seen at the company s headquarters in Merignac near Bordeaux
PARIS (Reuters) - France s Thales raised its full-year revenue target after posting first-half revenues up by 9.8% on a like-for-like basis, led by commercial space and defence.
Europe s largest defence electronics company, whose systems range from radar to rail, and biometric sensors to satellites, said the increase reflected a broad rebound compared with the worst stages of the pandemic, except for civil aerospace.
New orders rose 37% to 8.244 billion euros ($9.70 billion), led by major satellite contracts in Europe and Indonesia.
Thales shares climb after French company raises 2021 sales goal
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