Siemens Mobility Signs Framework Agreement for Trains with OBB
17 August 2018 - 8:17PM
Dow Jones News
By Anthony Shevlin
Siemens AG (SIE.XE) said Friday that Siemens Mobility, a
separately managed company of Siemens, signed a framework agreement
with Austrian rail operator OBB AG for passenger coaches in
Austria.
Siemens said the order is valued at more than 1.5 billion euros
($1.7 billion) and is for eight day trains and 12 night trains. The
first trains will enter service in 2022, the company said.
The framework agreement can be extended beyond 2023 by OBB, said
Siemens.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
August 17, 2018 06:02 ET (10:02 GMT)
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