Bombardier Transportation and ENGIE Sign Frame Contract for Global Integrated Facilities Management and Production Maintenance Services

Bombardier Transportation / Bombardier Transportation and ENGIE Sign Frame Contract for Global Integrated Facilities Management and Production Maintenance Services . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.

• Five-year frame contract valued at approximately 250 million euro ($290 million US)
• Global energy and service group to support the improvement of efficiency and savings at various Bombardier Transportation sites by managing facilities as well as production and building maintenance
• Agreement furthers Bombardier Transportation's continued drive towards its 2020 transformation goals by sharpening focus on core activities

BERLIN, July 26, 2018 (GLOBE NEWSWIRE) -- Global energy and services group ENGIE has been awarded a five-year global frame contract to deliver integrated facilities management, production maintenance and project services to the global leader in rail technology Bombardier Transportation.

The contract, valued at approximately 250 million euro ($290 million US), foresees that all facilities management, building maintenance and production maintenance as well as cleaning, security, catering, reception, helpdesk and grounds maintenance services for various Bombardier Transportation industrial facilities will be managed by ENGIE. ENGIE will also deliver capital expenditure projects and energy performance solutions.

The services are to be delivered to a mixed portfolio of existing and new buildings, including manufacturing environments. Implementation will take place in phases starting in July 2018 and service delivery will start immediately after the successful conclusion of the local service agreements. The contract will be managed centrally by ENGIE's international FM (EIFM) team, with local delivery through ENGIE's national services entities.

ENGIE will also utilise its ENGIE Direct® smart workplace technology to support service delivery and provide clear, up-to-date management information for both ENGIE and Bombardier Transportation.

Jim Vounassis, Chief Operating Officer, Bombardier Transportation, commented: "ENGIE will help Bombardier Transportation to better focus on its core activities, while further increasing efficiencies, as we continue to drive our transformation towards our 2020 goals. ENGIE's strengths in energy and services, combined with the ability to provide solutions across our global facilities, will help us address our business challenges while ensuring a high-quality working environment for our people and exploring new combined business opportunities."