Thales to Sell its Some Systems

Thales has entered into exclusive negotiations with French private equity firm Latour Capital with a view to divesting its ticketing and revenue collection, road tolling and car park management systems business, in line with the company’s strategy of business portfolio optimisation.

Thales to Sell its Some Systems
November 21, 2016 10:48 am

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 US$165 million (€155 million) in 2015.

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Latour Capital is a French private firm with a strong enterprising focus. It is mainly financed by major institutional investors. This purchasing 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 and account for close to 90 per cent of the Group’s Ground Transportation Systems revenues and are not affected by this project.

According to Philippe Keryer, executive vice-president, Strategy, Research and Technologies, the project is part of Thales’ business portfolio management and contributes to focusing the Group on the areas in line with its growth strategy. “By entering into exclusive negotiations with Latour Capital, we have selected an entrepreneurial project that will create value by leveraging the expertise and advanced technologies developed by this business,” he said. is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.

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