DGAP-News

Vossloh Aktiengesellschaft: Vossloh wins long-term framework contract for the supply of tram turnouts

DGAP-News: Vossloh Aktiengesellschaft / Key word(s): Incoming Orders Vossloh Aktiengesellschaft: Vossloh wins long-term framework contract for the supply of tram turnouts 10.05.2021 / 10:30 The issuer is solely responsible for the content of this announcement. Vossloh wins long-term framework contract for the supply of tram turnouts

• Vossloh to equip Brussels' tram network with turnouts and spare parts
• Framework contract running until 2031
• Total contract volume of nearly €40 million

Werdohl, May 10, 2021. Vossloh, a world market leader in turnouts and crossings, has been awarded an important framework contract to supply tram turnouts. The subsidiary Vossloh Cogifer KIHN SA will cover all the needs for turnout and spares of the Brussels intercommunal transport company STIB (Société des Transports Intercommunaux de Bruxelles) over the next ten years. Deliveries are scheduled to start in the first half of 2021. The value of the contract amounts to nearly €40 million.

"By winning the framework contract, we successfully continue our long-standing business relationship with STIB. We have been equipping the Brussels public transport network with tram turnouts for over 35 years and are honored by the renewed trust of our customer for the next decade," explains Jan Furnivall, member of the Executive Board of Vossloh AG. "The satisfaction of our customers is always our top priority. With our technologically leading products and solutions, we reliably support available and, above all, sustainable mobility."

Vossloh Cogifer Kihn is part of the Customized Modules division within the Vossloh Group. The company, based in Rumelange, Luxembourg, employs around 160 people locally and specialises in the development and manufacturing of turnout systems.

Contact information for the media:
Gundolf Moritz (Mirnock Consulting)
Phone: [phone]
Email: [e-mail]

Contact information for investors:
Dr. Daniel Gavranovic
Phone: [phone]
Email: [e-mail]

Vossloh is a globally active technology group dedicated for over 135 years to quality, safety, reliability, innovation and customer orientation. Vossloh's comprehensive range of rail track-related products and services make the company a leader in the global market in this area. Vossloh provides a uniquely wide range of products and services: rail fastening systems, concrete ties, switch systems and crossings as well as innovative and increasingly digital-based services for the entire lifecycle of rails and turnouts. Vossloh uses its extensive understanding of rail infrastructure to meet the key customer need of track availability.