GovWire

Hitachi / Thales merger inquiry

Competition Markets Authority

December 7
13:26 2023

Phase 2

Contact

Hitachi.Thales@cma.gov.uk

Administrative timetable

Referral date: 23 December 2022

Statutory deadline: 6 October 2023

Final undertakings

7 December 2023: The CMA has accepted final undertakings and additional final undertakings, and the reference has now been fully determined.

Direction to appoint a hold separate manager

22 November 2023: Pursuant to paragraph 3.5 of the interim undertakings offered by Hitachi Rail, Ltd on 3 August 2023, the CMA directed Hitachi Rail, Ltd to appoint a hold separate manager.

Notice of proposal to accept final undertakings

17 November 2023: The CMA gives notice of the proposal to accept final undertakings and to accept additional final undertakings and is inviting comments on the proposed draft undertakings by 5pm on Friday 1 December 2023.

Final report

5 October 2023: The CMA has published the final report.

4 October 2023: The CMA has announced its final decision.

Responses to addendum provisional findings

Addendum provisional findings

23 August 2023: The addendum provisional findings outlines the Groups revisions to the provisional SLC finding in the provisional findings report in relation to the supply of communications-based train control signalling systems in the UK. The CMA has provisionally concluded that the anticipated acquisition by Hitachi Rail, Ltd of Thales SAs Ground Transportation Systems Business will not result in a substantial lessening of competition in relation to the supply of communications-based train control signalling systems in the UK.

Directions to appoint a monitoring trustee

8 August 2023: Pursuant to paragraph 3.5 of the interim undertakings offered by Hitachi Rail, Ltd on 3 August 2023, the CMA directed Hitachi Rail, Ltd to appoint a monitoring trustee.

Interim undertakings

3 August 2023: The CMA has accepted undertakings offered by Hitachi Rail, Ltd pursuant to section 80 of the Enterprise Act 2002 in relation to the anticipated acquisition by Hitachi Rail, Ltd of Thales SAs Ground Transportation Systems Business.

Amendments/consents granted (to August 2023 Interim Undertakings):

Notice of extension of statutory period

Responses to provisional findings

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