France: According to the Japanese company, the merger enables to expand its presence to 51 countries and increase its workforce from 15,000 to 24,000 employees.
The merged company’s signalling systems now operate on 26,000 km of mainlines and 4,600 km of metro lines. Its revenue for 2023 is €7.3 bln, with the majority (60%) derived from the supply and maintenance of signalling systems.
European authorities approved the €1.7 bln deal in October 2023. Previously, the company was required to divest its assets in Germany, France, and the UK. In January, Mermec, Italy, signed a preliminary agreement for these assets.
Thales has been specialising in manufacturing smart signalling and train control systems. It is also engaged in cybersecurity and AI developments for the transportation industry and autonomous trains.
