End of Exclusive Negotiations Between Thales and Latour Capital
Thales and private equity firm Latour Capital have decided by mutual agreement to end the exclusive negotiations on the proposed divestment of Thales’s ticketing business.
In November 2016, Railway-News reported that Thales was to sell its transport ticketing and revenue collection business, with rail signalling, communication and supervision systems at the core of the Group’s businesses and technologies.
Mutual Agreement
Latour Capital has concluded that this business is not aligned closely enough with its investment priorities.
Thales will continue examining the various options it has identified to develop this business and create value for its customers and employees.
Thales’s Ticketing Business
Thales’s ticketing business has 850 employees, mainly based in France, the Netherlands, Denmark, Italy, Mexico, Hong Kong, India, New Zealand and Egypt, and generated sales of €190 million euros in 2016, an increase of more than 20% on 2015.
With operations on five continents, it is a global leader in revenue collection solutions, particularly for public transport operators. Its systems are installed in more than 100 cities around the world and are used on over 4,000 km of roads and 30 motorways and in 400 car parks.
Original article © Thales Group.
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