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Hitachi Rail’s takeover of Thales’ signaling business gets conditional EU approval

( October 30, 2023, 15:01 GMT | Official Statement) -- MLex Summary: Hitachi Rail's plan to acquire Thales' ground transportation business has been approved by the European Commission subject to structural conditions, the commission said today. Hitachi Rail will divest its mainline signaling platforms in France and Germany for interlockings, overlay and resignaling projects to address concerns that it could have reduced competition, increased prices and lessened innovation in those markets....

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