Thales divests transport division to focus on key sectors

Thales (FR:HO) has released an update.

Thales has successfully completed the sale of its Ground Transportation Systems business to Hitachi Rail for €1.66 billion as part of its strategy to focus on the aerospace, defense and security, and cybersecurity and digital identity markets. The transaction, which includes the employment of approximately 9,000 employees, will have financial effects in the second quarter of 2024.

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