Vossloh wins major contract for the supply of infrastructure components in Norway
- Framework contract for equipping the Norwegian rail network with switches and crossings won from Bane NOR
- Deliveries to start already in the course of the current year and run including options until 2029
- Order volume of more than €80 million over total term
Werdohl, August 5, 2021. Vossloh, a leading international supplier of rail infrastructure products and services, has won a comprehensive framework contract in Norway. Via its Swedish subsidiary Vossloh Nordic Switch Systems AB, switches and crossings will be supplied over the coming years to Bane NOR, the state-owned infrastructure manager of the roughly 4,200-km-long rail network in Norway. The agreement mainly covers the supply of switches and crossings for conventional rail lines as well as the development of a new range of switches for heavy-haul lines. In addition, Bane NOR chose as standard way of delivery the supply of fully assembled switches on special tilting wagons, delivered just-in-time from Vossloh's Swedish plant. Finally, the contract also covers the supply of an extensive range of spare parts for all existing switches and crossings in the Norwegian network. The contract has an initial term of two years and includes extension options for further six years. Deliveries under the framework agreement are scheduled to start already in the course of the current year. The order value for the entire term including options is over €80 million.
"Sustainability criteria also played a major role in the awarding of the contract, further evidence of the high importance attached to this issue in our industry. We are therefore very pleased that we were again able to convince in this area and successfully continue our long-standing business relationship with Bane NOR," explains Oliver Schuster, CEO of Vossloh AG. "The framework agreement underlines our strong market position in Northern Europe and the close cooperation with Bane NOR also opens up further growth potentials for us. In the years ahead, for instance, significant investments are planned for the digitalization and data-based monitoring of the Norwegian rail network. With our globally unique product and service portfolio and the comprehensive systemic understanding of the rail track, we are the perfect partner when it comes to condition-based and predictive maintenance."
Within the Vossloh Group, Vossloh Nordic Switch Systems is part of the Customized Modules division. Based in Ystad, Sweden, the company employs a local workforce of around 150 and specializes in the development, manufacture and distribution of switch systems.
Contact information for the media:
Andreas Friedemann (Kirchhoff Consult AG)
Phone: +49 (0) 2392 52-608
Contact information for investors:
Dr. Daniel Gavranovic
Phone: +49 (0) 2392 52-609
Vossloh is a globally active technology Group dedicated for over 135 years to quality, safety, reliability, innovation and a focus on the customer. Vossloh's comprehensive range of track-related products and services make the company a leader in the global market in this area. Vossloh provides a uniquely wide range of 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 switches. Vossloh uses its extensive understanding of rail infrastructure to meet the key customer need of track network availability.
Vossloh products are in use in more than 85 countries. With close to 80 Group companies in around 30 countries and over 35 production sites, Vossloh is a global company with a local presence. Vossloh is committed to sustainable governance and climate protection and makes an important contribution to sustainable passenger and freight mobility with its products and services.
The Group activities are organized into the three divisions of Core Components, Customized Modules and Lifecycle Solutions. In the 2020 fiscal year, Vossloh achieved sales of about €870 million with approximately 3,500 employees.
Vossloh AG * Vosslohstrasse 4 * 58791 Werdohl, Germany * Telephone +49 (0) 239 252-0 * Fax +49 (0) 239 252-538 * 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