Thales (Euronext Paris : HO) and Latour Capital announce to have decided by common accord to put an end to exclusive negotiations relating to the proposed transfer of the business of collection, payment, management systems for road tolls and car parks (” ticketing “).
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Latour Capital has concluded that this activity was ultimately too far away from its investment priorities.
Thales, for its part, will continue with the review of the different options identified to ensure the development of this activity in the interest of its clients and its employees.
This activity, which brings together 850 employees based mainly in France, the netherlands, Denmark, Italy, Mexico, Hong Kong, India, New Zealand and Egypt, achieved a turnover of 190 million euros in 2016, up more than 20% compared to 2015.
Located on the five continents, this activity is a global leader in ticketing, particularly for public transport operators. Its systems are installed in more than 100 cities in the world, on more than 4 000 km of roads, 30 highways and 400 car parks.
Key Points
– Thales and Latour Capital put an end to exclusive negotiations relating to the proposed transfer of the business ticketing.
– Thales will continue with the review of the different options identified to ensure the development of this activity in the interest of its clients and its employees.
– In 2016, this activity has achieved a turnover of 190 million euros, an increase of over 20% compared to 2015.
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