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Business deals

Hitachi to buy Thales' railway signaling business for $2bn

Japanese industrial conglomerate to expand digitization of transport sector

Thales’ Ground Transportation Systems operates rail signaling, train-control and fare-collection systems. (Source photos by Reuters)

TOKYO -- Japanese industrial conglomerate Hitachi will buy European defense electronics company Thales' railway signaling business for 1.66 billion euros ($1.97 billion), the company said Wednesday.

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