Hitachi has offered to sell assets in France and Germany as well as its core train control technology to gain EU antitrust approval for its €1.7 billion ($1.8 billion) purchase of Thales' GTS railway signaling business, a person with direct knowledge of the matter said Friday.
The Japanese conglomerate put in its offer to the European Commission on Thursday, the same day it requested EU clearance for the deal, an EU regulatory filing showed Friday.
The remedies are similar to those offered to the U.K. Competition and Markets Authority in June, which consisted of the divestment of its U.K., French and German mainline signalling business and its core communication-based train control technology to a rival.