Vossloh wins another megacontract
Posted: 8 April 2011 | Vossloh AG | No comments yet
Vossloh Electrical Systems has gained the contract to supply new TW 3000 urban light rail vehicles to the Hannover local transport company, Üstra Hannoversche Verkehrsbetriebe AG…
Vossloh Electrical Systems has gained the contract to supply new TW 3000 urban light rail vehicles to the Hannover local transport company, Üstra Hannoversche Verkehrsbetriebe AG. This means that order intake by the Transportation division (locomotives and local transport vehicles) has in the first quarter of 2011 surged to a total of around €300 million, equivalent to the bulk of all of fiscal 2010 (€358 million).
“This new big order is another proof for the upswing in locomotive and local transport vehicle market. Thanks to our modern and energy-saving products we are excellently positioned and successful in this segment. With the orders booked in Q1/2011, the upswing in our locomotive and local transport vehicle business is picking up further momentum,” says Vossloh AG CEO Werner Andree.
In bidding for this major order from Hannover, Vossloh together with consortium partner Alstom Transport Germany prevailed against European-wide competition thanks to a modern vehicle proposal comprising new six-axle LRVs outstanding for their passenger comfort and energy savings.
Initially, the contract covers the supply of 50 LRVs. For consortium leader Vossloh Electrical Systems the deal is worth some €100 million. The agreement includes the option for another 96 such vehicles over the years ahead. The total project volume is around €350 million. The first 50 units will be shipped out in 2013 and 2014.