TOKYO -- Japan's Hitachi aims to make greater inroads in Asia's railway market following its acquisition on May 31 of the French aerospace company Thales Group's rail signal business, as China looms large as an infrastructure supplier.
Hitachi, a manufacturer of Japan's shinkansen bullet trains, has pushed into the global market through a series of buyouts, including that of rail car maker AnsaldoBreda and signal maker STS, both previously owned by Italy's Finmeccanica, in 2015, and Thales' signal business.
