on Vossloh AG (ETR:VOS)
Vossloh Secures Framework Agreement with Deutsche Bahn Worth Over 100 Million Euros
Vossloh AG has announced a significant framework agreement with Deutsche Bahn (DB) for the delivery of large turnout components. This agreement is estimated to potentially exceed 100 million euros. Covering a three-year period with options for two additional years, the contract includes critical components such as crossings and switches.
CEO of Vossloh AG, Oliver Schuster, highlighted the company's commitment to delivering high-quality rail system solutions, emphasizing the durability and safety of their products. This partnership continues to position Vossloh as a leading supplier in the rail industry.
Deutsche Bahn's CEO, Philipp Nagl, stressed the importance of reliable partners like Vossloh in modernizing their rail network to meet increasing demands. The collaboration aims to strengthen the rail infrastructure by delivering consistent, high-quality components.
R. P.
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