US News

Thales to sell signalling business to Hitachi in $2 billion deal

Published by

By Gwénaëlle Barzic PARIS (Reuters) – Thales, Europe’s largest defence electronics company, said it was in advanced talks to sell its GTS railway signalling business to Japan’s Hitachi in a deal that values the division at 1.66 billion euros ($2 billion). The sale – which confirmed a Reuters exclusive – comes as the French company looks to streamline its sprawling operations and reassure investors of its core focus on making high-tech equipment for the defence and aerospace industries. Thales shares were up 1.1% in early trading. “With this major strategic move, we will be able to focus on the…

Read More

Facebook Comments

Check Also

Stock Futures Fall on Chinese Property Fears

Jump To The Original Source