Competition concerns about rail signalling takeover

The UK competition watchdog has warned that Hitachi Rail’s €1.7bn planned takeover of rival rail signalling giant Thales’ Ground Transportation Systems could lead to higher fares for passengers.
The Competition and Markets Authority said it was concerned that the deal will reduce much-needed additional competition for rail signalling supply just as major contracts are coming up for tender.
On HS2, the firms make up two of the four shortlisted bidders for the £540m job to d