Thales (Euronext Paris: HO) and Hitachi Rail announce today that they are entering into exclusive negotiations on the sale of Thales’s Ground Transportation Systems Global Business Unit (“Ground Transportation Systems” or “GTS”) for an enterprise value of € 1,660 million:
- Entry into exclusive negotiations with Hitachi Rail on the sale of “Ground Transportation Systems” business, for an enterprise value of € 1,660 million
- Compelling valuation reflecting effective turnaround
- Reinforcement of Thales's strategic focus on 3 long-term growth markets: Aerospace, Defense & Security, Digital Identity and Security, driving accelerated EBIT margin accretion and further deleveraging
- Combined GTS and Hitachi Rail business to be positioned as a global leader in the rail signaling market
- Employee representative bodies of both Thales and Hitachi Rail are being consulted on this project, which is also subject to usual closing conditions
We are pleased to invite you to participate to this conference call or webcast, in English, on:
Wednesday, 04th August 2021 at 8.30am CET
Dial-in the following numbers:
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Telephone conference numbers and confirmation code |
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Dial in details: |
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Standard international: +44 (0) 2071 928338 |
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Ø France, Paris (Local): +33 (0) 170700781 |
Ø France (FreeCall): 0805101465 |
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Ø United Kingdom (Local): +44 (0) 8444819752 |
Ø United Kingdom (FreeCall): 08002796619 |
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Ø United States, New York (Local): +16467413167 |
Ø United States (FreeCall): +18778709135 |
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Confirmation Code: 2130258 |
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It will be also possible to follow the conference call through a webcast by using the following link:
https://edge.media-server.com/mmc/p/z2mdkhvu
If you are unable to listen to the call, please find below the “replay” dial in details:
04/08/2021 13:30 CET - 11/08/2021 13:30 CET
- Standard International: +44 (0) 3333009785
- France: +33 (0)1 70 95 03 48
- Confirmation Code: 2130258