Thales acquires Cubris
OREANDA-NEWS. May 30, 2018. Thales (Euronext Paris: HO) announces today the closing of the acquisition of Danish company Cubris, a leader in Driver Advisory Systems (DAS) for Main Line Rail customers. DAS allows real-time and fully secured exchange of information between the railway system and the train driver in order to optimize the driving of the train and reduce CO2 emissions. On this basis, Cubris also offers a key technology for the future autonomous trains.
Headquartered in Copenhagen, Denmark, the company employs 15 people. The impact of this acquisition on Thales’s 2018 EBIT will be non-material.
With the acquisition of Cubris we are paving the way for improved rail efficiency and autonomous train. Combined with our established expertise in other key digital assets, Cubris’ talents and technologies represent a tremendous accelerator of our digital strategy for the benefit of our rail customers.
Millar Crawford, Executive Vice-President for Ground Transportation Systems at Thales
We are proud to be now part of the powerful group of Thales and convinced we can bring our solution and the value we can propose to our customers to a next level, profiting from the strong engineering capabilities and cross functional synergies from e.g. the digital aviation cockpit.Thanks to this acquisition, Thales is strengthening further its offering and positioning within the Rail Traffic Management segment, building upon the recent market successes and positioning strongly in one of the key technologies driving the performance optimisation of its customers.
Sune Edinger Gram, CEO of Cubris.