Bombardier Transportation Signs Agreement With Russian Railways
(Thomson Reuters ONE) -
Bombardier announces new partnership in Russia with purchase of a stake in
signalling equipment manufacturer Elteza
BERLIN, GERMANY--(Marketwire - December 13, 2010) - BT Signaling B.V. has signed
an agreement to purchase a stake in the signalling equipment manufacturer United
Electrical Engineering Plants, known as Elteza. Elteza is a subsidiary of
Russian Railways (RZD). Initially, BT Signaling B.V. will purchase a 25 per cent
stake in Elteza. Following further approval, BT Signaling B.V. will increase its
stake to nearly 50 per cent. RZD will remain the majority shareholder. The
agreement was signed at a ceremony in Moscow on December 13, attended by Pierre
Beaudoin, President and CEO of Bombardier Inc. and Vladimir Yakunin, President
of Russian Railways.
Elteza is Russia's largest signalling equipment producer with more than 3,000
employees across seven manufacturing sites. The company focuses on the design,
development and production of rail signalling equipment and automatic and remote
train control systems which have been delivered in Russia, the Commonwealth of
Independent States (CIS) and the Baltic states. The new partnership will be one
of the first successful examples of the privatisation of a Russian Railways'
subsidiary and part of the modernization strategy of RZD.
Already strong partners in the signalling sector, Bombardier and RZD have a well
established engineering joint venture, Bombardier Transportation (Signal) Ltd.,
in operation in Moscow since 1996. This partnership has worked in close
cooperation with Elteza to equip over 90 Russian stations with BOMBARDIER EBI
Lock 950 computer-based interlocking (CBI) technology. This new agreement will
lead to the creation of an Elteza department dedicated to new technologies and
focusing on the manufacture of products including EBI Lock 950 as well as the
latest generation of wayside products.
Commenting on the announcement, Andre Navarri, President and COO of Bombardier
Transportation, said: "This agreement is a landmark for Bombardier
Transportation, increasing our already strong presence in the rail control
sector in the region and expanding our signalling technology interests." He
added: "We value this opportunity to further develop our presence in Russia but
also in CIS and Baltic States."
Sergey Ermolaev, Chief Country Representative Russia and CIS of Bombardier
Transportation, stated: "We have had a strong relationship with RZD for many
years and this new agreement further confirms the strong reputation of our
technology and our organisation. We are very pleased to be working together on
this exciting venture and look forward to continuing to develop our operations
in Russia."
Completion of this transaction is subject to the approval of all required
governmental authorities and to other consents and other usual conditions. The
transaction is expected to be completed during the first quarter of 2011.
Bombardier Transportation's Rail Control Solutions portfolio covers the complete
range of BOMBARDIER CITYFLO mass transit solutions, from manual to fully
automatic systems, as well as communication-based systems. It also provides
BOMBARDIER INTERFLO mainline solutions, from conventional systems to ERTMS level
2 systems. Bombardier solutions encompass a broad portfolio of wayside and
onboard products.
About Bombardier Transportation
Bombardier Transportation, a global leader in rail technology, offers the
broadest portfolio in the rail industry and delivers innovative products and
services that set new standards in sustainable mobility. BOMBARDIER ECO4
technologies - built on the four cornerstones of energy, efficiency, economy and
ecology - conserve energy, protect the environment and help to improve total
train performance. Bombardier Transportation is headquartered in Berlin, Germany
and has a presence in over 60 countries. It has an installed base of over
100,000 vehicles worldwide.
About Bombardier
A world-leading manufacturer of innovative transportation solutions, from
commercial aircraft and business jets to rail transportation equipment, systems
and services, Bombardier Inc. is a global corporation headquartered in Canada.
Its revenues for the fiscal year ended Jan. 31, 2010, were $19.4 billion US, and
its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed
as an index component to the Dow Jones Sustainability World and North America
indexes. News and information are available at www.bombardier.com
BOMBARDIER, EBI, IINTERFLO, CITYFLO and ECO4 are trademarks of Bombardier Inc.
or its subsidiaries.
www.theclimateisrightfortrains.com
Contacts:
North America: +1 450 441 3007
Canada: Marc Laforge
marc.laforge(at)ca.transport.bombardier.com
USA: Maryanne Roberts
maryanne.roberts(at)us.transport.bombardier.com
Germany, Austria, Switzerland, Central
and Eastern Europe: +49 30 98607 1134
Heiner Spannuth,heiner.spannuth(at)de.transport.bombardier.com
Nordic Countries: +46 10 852 5062
Jonny Hedberg,jonny.hedberg(at)se.transport.bombardier.com
Russia: +7 495 775 1830
Alexander Bocharov
alexander.bocharov(at)ru.transport.bombardier.com
UK, Ireland, Australia, New Zealand, other countries:
+44 1332 266470
Neil Harvey,neil.harvey(at)uk.transport.bombardier.com
Benelux: +49 30 98607 1141
Janet Olthof,janet.olthof(at)de.transport.bombardier.com
France: +33 6 07 78 95 38
Anne Froger,anne.froger(at)fr.transport.bombardier.com
South Europe, Brazil and India: +35 1 919 693 728
Luis Ramos,luis.ramos(at)pt.transport.bombardier.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Bombardier Transportation via Thomson Reuters ONE
[HUG#1471619]
Unternehmensinformation / Kurzprofil:
Datum: 13.12.2010 - 09:50 Uhr
Sprache: Deutsch
News-ID 49644
Anzahl Zeichen: 6762
contact information:
Town:
Montréal, Québec
Kategorie:
Business News
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