GovWire

Hitachi / Thales merger inquiry

Competition Markets Authority

August 30
10:15 2023

Phase 2

Contact

Hitachi.Thales@cma.gov.uk

Administrative timetable

Referral date: 23 December 2022

Statutory deadline: 6 October 2023

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.

Notice of extension of statutory period

Responses to provisional findings

Responses to possible remedies

Provisional findings

8 June 2023: The CMA has provisionally found competition concerns as part of its in-depth investigation of the anticipated acquisition by Hitachi Rail, Ltd of Thales SAs Ground Transportation Systems Business.

Parties voluntary submissions

The Parties made voluntary submissions on various competition issues being investigated in the inquiry.

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