PRESS RELEASE : Vossloh Aktiengesellschaft: Vossloh signs several multiyear service contracts for tram networks in France

 
 DGAP-News: Vossloh Aktiengesellschaft / Key word(s): Incoming Orders 
Vossloh Aktiengesellschaft: Vossloh signs several multiyear service 
contracts for tram networks in France 
 
2020-12-14 / 14:30 
The issuer is solely responsible for the content of this announcement. 
 
*Vossloh signs several multiyear service contracts for tram networks in 
France* 
 
*- *Multiyear framework agreements signed for condition-based maintenance of 
trams in France 
 
- Contracts include condition guarantee for rail tracks and switch systems 
at a fixed price 
 
*Werdohl, December 14, 2020.* Vossloh, a leading supplier of solutions, 
technologies and services for rail infrastructure, has signed multiyear 
contracts for the maintenance of tram networks with the respective operators 
in the French cities of Le Havre and Valenciennes. The contracts have an 
initial term of three years. As part of the contracts, Vossloh will provide 
the network operators with a condition guarantee for the rail tracks and the 
switch systems at a fixed price. Vossloh's unique service spectrum is united 
in one complete offer, from track analysis to continuous monitoring of the 
track's condition to optimal maintenance measures based on the condition of 
the rail line. The services and products not covered by the guarantee are 
covered for the time being at standard rates by a service catalogue that can 
be called up by the customer. 
 
The maintenance contracts provide the operators with a high degree of cost 
certainty and, at the same time, increased track availability. Vossloh is 
positioning itself as a central contact point for customers for questions 
about, and solutions to, maintenance of rail lines. 
 
With the goal of collaborative development of an efficient and targeted 
maintenance strategy, comprehensive audits and customer meetings preceded 
the conclusion of the contracts in Le Havre and Valenciennes. For this 
purpose, Vossloh used cutting-edge measuring technology and proprietary 
analysis software to compile a detailed condition report for the entire rail 
network in order to assess the wear behavior of respective track sections in 
close consultation with the operators. The contracts were concluded based on 
these findings. 
 
*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 active in rail technology markets worldwide. The Company's core 
business is rail infrastructure. The Group's activities are organized into 
the three divisions of Core Components, Customized Modules and Lifecycle 
Solutions. In the 2019 fiscal year, Vossloh achieved sales of &euro916.4 
million with an average of 3,786 employees. 
 
Vossloh AG * Vosslohstrasse 4 * 58791 Werdohl, Germany * Telephone +49 (0) 
239 252-0 * Fax [phone] * www.vossloh.com 
Company headquarters: Werdohl, Germany * Commercial register: Local court of 
Iserlohn HRB 5292 
Chairman of the Supervisory Board: Prof. Dr. Rüdiger Grube 
Executive Board: Oliver Schuster (CEO) * Dr. Thomas Triska * Jan Furnivall 
 
2020-12-14 Dissemination of a Corporate News, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
The DGAP Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language:    English 
Company:     Vossloh Aktiengesellschaft 
             Vosslohstr. 4 
             58791 Werdohl 
             Germany 
Phone:       [phone] - 359 
Fax:         [phone] - 219 
E-mail:      [e-mail] 
Internet:    www.vossloh.com 
ISIN:        DE0007667107 
WKN:         766710 
Indices:     SDAX 
Listed:      Regulated Market in Dusseldorf, Frankfurt (Prime Standard); 
             Regulated Unofficial Market in Berlin, Hamburg, Hanover, 
             Munich, Stuttgart, Tradegate Exchange 
EQS News ID: 1154961 
 
End of News DGAP News Service 
 
1154961 2020-12-14 
 
 

(END) Dow Jones Newswires

December 14, 2020 08:31 ET (13:31 GMT)