Hitachi Rail acquires Thales' Ground Transportation Systems for $2.5bn, adding 1,000 employees in Canada.

Hitachi Rail plans to add approximately 1,000 employees in Canada following the $2.5bn acquisition of Thales' Ground Transportation Systems. This deal will increase their Canadian footprint from 200 employees and complement their existing key locations in Japan, Italy, the UK, and US. The acquisition will double Hitachi Rail's engineering capacity and strengthen the Canadian business unit's export potential, according to CEO Giuseppe Marino.

10 months ago
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