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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).
FILE PHOTO: The logo of French defence and electronics group Thales is seen at the company s headquarters in Merignac near Bordeaux, France, March 22, 2019. REUTERS/Regis Duvignau/File Photo
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 va vendre ses activités de signalisation à Hitachi pour environ 1,7 milliard d euros
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Thales : Le recentrage de l équipementier aéronautique timidement accueilli en Bourse
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