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Vossloh signs long-term framework agreements

Posted on 06 May 2019 and read 939 times
Vossloh signs long-term framework agreementsRail technology company Vossloh (www.vossloh.com), which has 30 production sites in 20 countries, has concluded multi-year framework agreements in Sweden and Italy that will see it supply switch components to Trafikverket (the Swedish Transport Administration) and Rete Ferroviaria Italiana (RFI — the state-owned Italian rail company).

The framework agreements in Sweden have a term of at least four years and include two options for extensions of two years each; including the options, the agreements are worth more than 75 million euros, and production will be undertaken by Vossloh’s Customised Modules division in Sweden, which has supplied switch systems and components to Trafikverket for many years.

Andreas Busemann, CEO of Vossloh, said: “We are pleased that the renewed trust Trafikverket placed in Vossloh will allow us to continue our successful co-operation with them.

“The renewed contract is a sign of the reliability of our products.”

In Italy, the framework agreement has a term of two years and is worth 25 million euros. Production will be undertaken by the Customised Modules division in France.

Vossloh is active in rail technology markets world-wide. The company’s core business is rail infrastructure, and its activities are organised into the three divisions: Core Components, Customised Modules and Lifecycle Solutions.

In the 2018 fiscal year, it achieved sales of 865 million euros.