Hitachi/Thales [Archived]


Published by a ÀÏ˾»úÎçÒ¹¸£Àû Competition expert
Practice notes

Hitachi/Thales [Archived]


Published by a ÀÏ˾»úÎçÒ¹¸£Àû Competition expert

Practice notes
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CASE HUB

ARCHIVED—this archived case hub reflects the position at the date of the decision of 4 October 2023; it is no longer maintained.

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Case facts

OutlineUK merger investigation into the anticipated acquisition by Hitachi Rail, Ltd of Thales SA’s Ground Transportation Systems Business. The transaction involves horizontal overlaps in the supply of mainline rail signalling and urban signalling systems.

Latest developmentsOn 4 October 2023, the CMA issued its final report, finding that the transaction may be expected to result in an SLC in the supply of digital mainline signalling systems (and related services) in Great Britain. In particular, the CMA found that: (i) the parties are the two largest suppliers in the market; (ii) the sector is highly concentrated and there are only two other main competitors (Siemens and Alstom); and (iii) there would be fewer credible bidders remaining for digital mainline signalling tenders. To remedy the SLC, the CMA has decided that the most effect remedy was for Hitachi Rail, Ltd to sell parts of its mainline signalling business to a purchaser approved by the CMA.

Parties
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United Kingdom
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