Thales (Euronext Paris: HO) has 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. Presented on November 16th to the Thales Group's European Works Council, the project aims to accelerate the development of this business while creating value for its customers and employees.
Key points
* In 2015, this business generated sales of 155 million euros. It employs
close to 850 people, mainly in France, the Netherlands, Mexico, Hong Kong,
Denmark and Italy.
* The objective is to put in place a business plan to grow this activity
by building on its existing teams, know-how and capabilities, and by
developing innovative technological solutions.
* The divestment project is in line with the Thales strategy of permanent
business portfolio optimisation.