Vossloh bags multi-year contracts worth €40 million from Banedanmark
FILED - 24 March 2006, North Rhine-Westphalia, Duesseldorf: The logo of German rail technology firm Vossloh is seen next to a rail fastening system for ballast tracks and fixed guideways in mainline and local transport. Photo: picture alliance / dpa
German rail technology firm Vossloh said on Monday that it has inked two framework deals, worth a sales volume of €40 million ($42 million), with the Danish state rail network operator Banedanmark.
The two contracts to provide switch systems and corresponding spare parts for four years have options for an extension by Banedanmark twice for a further two years.
To serve the Danish company, Vossloh will establish a local production facility of around 3,000 square metres next to Banedanmark’s concrete sleeper production location in Fredericia, Denmark.
For 2022, Vossloh had generated sales revenues of around €130 million from the Northern European market.
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