Newag inked an approximately EUR 164 million net worth contract with French Akiem group for the supply of electric locomotives and a contract for the provision of locomotive maintenance services. Newag has concluded agreements with LOCOMOTIVE POOL STRUCTURE 1 SAS and AKIEM SAS, belonging to the Akiem group. The Akiem Group is a leading European locomotive and passenger train rental solutions provider.

As stated, the subject of the contracts is the delivery of thirty electric locomotives and the provision of preventive and corrective maintenance services for the locomotives for eight years. The filing added that the contracts also provide for the right of the AKIEM group to order up to fifty additional locomotives along with the provision of preventive and corrective maintenance services for locomotives, which Akiem may exercise until December 31, 2025.