Thales acquires Danish driver-advisory specialist Cubris

Thales acquires Cubris, paving the way for Autonomous Train! 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.

EUROPE: To strengthen its traffic management capability, Thales announced on May 29 that it had completed the acquisition of Danish technology specialist Cubris.

The København-based start-up is a market leader in connected driver advisory systems, having developed the GreenSpeed equipment used by DSB and Banedanmark, as well as regional operator Lokaltog. Green Speed was subsequently adopted by South West Trains in the UK and Transdev in Sweden; it is now being implemented by Transdev in Germany and VR in Finland.

By exchanging information between the traffic management system and the driver in real time, C-DAS helps to optimise operations and reduce energy consumption. Thales believes the technology will form a key building block in the future automation of main line railways.

‘With the acquisition of Cubris we are paving the way for improved rail efficiency and autonomous trains’, said Executive Vice-President for Ground Transportation Systems Millar Crawford. ‘Combined with our established expertise in other key digital assets, Cubris’ talents and technologies represent a tremendous accelerator of our digital strategy for our rail customers.’

Cubris CEO Sune Edinger Gram said becoming part of the Thales group would enable the company to ‘bring the value we can propose to a next level’. As well as ‘strong engineering capabilities’, he anticipated cross-functional synergies with ‘digital cockpit’ supplier AvioVision, acquired by Thales at the end of 2016.

Thales says it has invested almost €7bn in digital technologies since 2014, to position itself for ‘the data-driven, autonomous, immersive world of tomorrow’. Its acquisition of digital security and smart card manufacturer Gemalto is due to close in the second half of this year.

Driver Advisory Systems (DAS) for Main Line Rail customers 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.

  • Further to the acquisition of AvioVision for the digital cockpit 18 months ago, Thales is now investing in the digital cabin for railways
  • Cubris is a market leader in Driver Advisory Systems for Main Line Rail customers, optimising  train driving thanks to real-time information and decision-making by the driver
  • This new acquisition is a great accelerator for Thales in its digital strategy to provide value to customers
Cubris is perfectly suited to support railways operators’ big ambitions to address the growing needs of an increasingly train centric and automation oriented demand in railway signalling. The company has developed and delivered a well-recognised Driver Advisory System, called GreenSpeed™, already in service in Denmark (DSB and Lokaltog), in the UK (South West Trains) and in Sweden (Transdev) and being implemented by Transdev in Germany and by Finnish Railway (VR).  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. –Sune Edinger GramCEO of Cubris.

Since 2014, Thales has invested almost 7 billion euros in digital technologies, including the projected acquisition of Gemalto (whose closing is expected in H2 2018). These key technologies play a crucial role in our markets. They enable airlines, satellite operators, air traffic control organisations, urban and mainline rail operators, the armed forces and security services responsible for protecting urban infrastructure and energy supplies to make the right decisions in real time.

The explosion of new digital technologies and the growing synergy between them create a huge amount of momentum not only to develop new products and solutions for today, but to invent those that will be needed in the data-driven, autonomous, immersive world of tomorrow.

Contact

Thales, Media Relations & Social Media
Cédric Leurquin
+33 (0)1 57 77 90 93
cedric.leurquin@thalesgroup.com

Thales, Analysts/Investors                  
Bertrand Delcaire
+33 1 57 77 89 02
ir@thalesgroup.com

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