Thales has entered into exclusive negotiations with the private equity firm Latour Capital with a view to divesting its business that provides ticketing and revenue collection for transport operators as well as road tolling and car park management systems.
With close to 850 employees mainly based in France, the Netherlands, Denmark, Italy, Mexico, Hong Kong, India, New Zealand and Egypt, this business generated sales of EUR 155 million in 2015.
The divestment project is in line with the Thales strategy of business portfolio optimisation.
For Latour Capital, a French company mainly financed by major institutional investors, this acquisition would be an industrial development project designed to drive growth and employment.
Rail signalling, communication and supervision systems activities are at the core of the Group’s businesses and technologies. They account for close to 90% of the Group’s Ground Transportation Systems revenues and are not affected by this project.
Share on:
