Thales enters into negotiations to sell ticketing business
21 November 2016 • Author: Katie Sadler, Digital Content Producer, European Railway Review
Thales has revealed it has entered into exclusive negotiations to sell its ticketing and revenue collection business for transport operators.
On November 18th 2016, Thales announced that it had entered into exclusive negotiations with the private equity firm Latour Capital with a view to divesting its business that provides ticketing and revenue collection for transport operators as well as road tolling and car park management systems.
Thales divestment project aims to accelerate the development of the business
According to the Thales, the project aims to accelerate the development of the business while creating value for its customers and employees. Furthermore, it hopes to build on existing teams, know-how and capabilities, and develop innovative technological solutions.
In total, the business has 850 employees mainly based in France, the Netherlands, Denmark, Italy, Mexico, Hong Kong, India, New Zealand and Egypt. In 2015 it generated sales of €155 million.
Rail signalling, communication and supervision systems activities account for close to 90 percent of the Group’s Ground Transportation Systems revenues and are not affected by this project.