The European Commission has cleared Thales’ proposed acquisition of Alcatel’s rail signalling and systems integration business, ruling that the deal will not harm the systems integration market in the transport sector.
Thales is already active in the integration of critical information systems for the defence, aeronautics and transport industries, in addition to the work it does for government.
Alcatel’s Divisions Transport et Systèmes business is active in rail signalling and management, and in the integration of systems for railways, airports and the oil and gas industry.
The European Commission’s examination of the proposed transaction drew the conclusion that “only limited horizontal overlaps between Thales and the Alcatel business existed”.
The commission said the combined firm would continue to face “several strong and effective competitors with significant market shares”.
This decision does not prejudge the outcome of the commission’s ongoing review of a proposed acquisition by Thales of Alcatel’s shareholdings in two joint ventures active in satellite and space systems, Alcatel Alenia Space and Telespazio.
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