Hitachi, Ltd. (TSE: 6501, “Hitachi”). Hitachi Rail has agreed to acquire Thales’ Ground Transportation Systems business (the “Business” or “GTS”) for an enterprise value of €1,660 m (~¥215 bn). The final purchase price will be determined after customary adjustments typical for a transaction of this nature. The acquisition is expected to close in late FY2022[1], subject to the usual conditions including regulatory and antitrust clearances. Employee representatives of both Thales and Hitachi Rail
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