Company Announcements

DGAP-News: Vossloh Aktiengesellschaft: Vossloh wins order for data-based condition monitoring of turnouts in Sweden

Source: EQS

DGAP-News: Vossloh Aktiengesellschaft / Key word(s): Incoming Orders
Vossloh Aktiengesellschaft: Vossloh wins order for data-based condition monitoring of turnouts in Sweden

30.11.2020 / 10:05
The issuer is solely responsible for the content of this announcement.

  • The multi-year order covers sensor equipment and monitoring of 1,000 turnouts of the customer Trafikverket
  • A precise understanding of the technical condition of turnouts is an important step on the way to more efficient maintenance and higher track availability

Werdohl, November 30, 2020. Vossloh has won a strategically important order for data-based condition monitoring of turnouts in Sweden. The order was awarded by Trafikverket, the Swedish Central Office for Transport, to the Swedish subsidiary Vossloh Nordic Switch Systems AB. The project will be carried out jointly with DB Systemtechnik GmbH, a subsidiary of Deutsche Bahn AG.

The multi-year order covers condition monitoring for a total of 1,000 turnouts in the Swedish network. By means of sensor technology, data on selected parameters is continuously recorded in the track and automatically transmitted to a Vossloh-owned cloud-based platform. In this platform the data is processed and converted into corresponding recommendations for action for the customer by using algorithms based on artificial intelligence.

Oliver Schuster, CEO of Vossloh AG: "The permanent sensor-based monitoring of the rail track forms the basis for condition-based and in perspective predictive maintenance of rail infrastructure. The resulting higher availability of tracks is a central requirement for shifting more traffic to the railway in the future. Only in this way it will be possible to achieve ambitious climate targets in the medium term. This order will allow Vossloh to leverage its uniquely broad understanding of the physics of rail track to maximize customer value." He also adds: "We are pleased about the trust and the further strengthening of our successful cooperation with Trafikverket. This forward-looking order underscores our outstanding position as a supplier of products and solutions in the field of rail infrastructure."

The turnout is one of the most technically complex and hence also one of the most maintenance-intensive elements of the entire rail track. In the context of the intended and, in view of climate change, indispensable turnaround in mobility, it is therefore of particular importance.

Contact information for the media:
Gundolf Moritz (Mirnock Consulting)
Phone: +49 (0) 2392 52-608

Contact information for investors:
Dr. Daniel Gavranovic
Phone: +49 (0) 2392 52-609

Vossloh is active in rail technology markets worldwide. The Company's core business is rail infrastructure. The Group activities are organized into the three divisions of Core Components, Customized Modules and Lifecycle Solutions. In the 2019 fiscal year, Vossloh achieved sales of €916.4 million with an average of 3,786 employees.

Vossloh AG * Vosslohstrasse 4 * 58791 Werdohl, Germany * Telephone +49 (0) 239 252-0 * Fax +49 (0) 239 252-538 *
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

30.11.2020 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.

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Language: English
Company: Vossloh Aktiengesellschaft
Vosslohstr. 4
58791 Werdohl
Phone: +49 (0)2392 52 - 359
Fax: +49 (0)2392 52 - 219
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: 1151045

End of News DGAP News Service

1151045  30.11.2020