Bombardier Transportation
TSX : BBD.A
TSX : BBD.B

Bombardier Transportation

November 29, 2007 07:07 ET

Bombardier Transportation Signs Groundbreaking Agreement With Two Local Partners in South Africa

New Alliance Leverages Investment and Industrial Capabilities for South African Market

BERLIN, GERMANY--(Marketwire - Nov. 29, 2007) - Bombardier Transportation announced today that it has signed an alliance agreement with Kagiso Trust Investments (KTI) and J&J Group (J&J), two of South Africa's prominent Black Economic Enterprise (BEE) investment and industrial companies. The new alliance will be known as the Bombardier Transportation Africa Alliance.

Commenting on the Bombardier Transportation Africa Alliance, Raymond T. Betler, President of Bombardier Transportation, Total Transit Systems, said, "Kagiso and the J&J Group are two of the country's most respected BEE companies. This strategic alliance strengthens our commitment to build viable rail infrastructure, which will contribute to the socio-economic development of South Africa."

Andile Sangqu, Executive Director for Kagiso Trust Investments, said, "Kagiso has built its reputation on adapting to dynamic business environments and nurturing promising opportunities to invest in emerging markets where Black Enterprise can develop and grow. Our association with Bombardier is key to our vision of a better rail transport system for all South Africans".

Jayendra Naidoo, Chairman of J&J, said, "We have been investing in the rail sector for some time. J&J owns 30 per cent of the UCW Partnership, a leading rail vehicle manufacturer in South Africa. This new alliance with Bombardier and Kagiso complements our UCWP investment and is an important part of our growth strategy in the rail sector."

Bombardier has been active in South Africa for many years and has provided rolling stock refurbishment and spare parts to the South African Rail Commuter Corporation (SARCC), Metrorail and Transnet Freight Rail. In 2006, Bombardier Transportation's presence in the South African market gained significant recognition with the award of the Gautrain project to the Bombela Consortium by the Gauteng Provincial Government of South Africa.

Bombardier, as a member of the Bombela Concession Company, is designing and supplying all of the electrical and mechanical equipment, including the fleet of 96 BOMBARDIER ELECTROSTAR vehicles, and is providing 15 years of maintenance services for the Gautrain.

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Useful market and company background facts and contact details follow.

Background facts and figures

About Bombardier Transportation

Bombardier Transportation has its global headquarters in Berlin, Germany with a presence in over 60 countries. It has an installed base of over 100,000 vehicles worldwide. The Group offers the broadest product portfolio and is recognized as the leader in the global rail sector.

About Bombardier

A world-leading manufacturer of innovative transportation solutions, from regional 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, 2007, were $14.8 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 and ELECTROSTAR are trademarks of Bombardier Inc. or its subsidiaries.

About Kagiso Trust Investments

Kagiso Trust Investments was formed in December 1993 by the Kagiso Trust as a vehicle to generate sustainable, long-term financial support (dividends) for Kagiso Trust for purposes of community development and to achieve true economic empowerment through active, operational involvement in underlying strategic investments.

About J&J Group

The J&J Group is an investment and management company with investments in a select group of companies. The broad-based shareholding of the Group extends to well over 200 000 individuals and their familiesThe Group also actively supports various social development initiatives through the J&J Development Trust.

Contact Information

  • Bombardier Transportation
    Denis Bouvette
    Vice President, Marketing
    Cell: +27 (0) 82 801-0691
    Website: www.bombardier.com
    or
    Kagiso Trust Investments
    Andile Sangqu
    Executive Director
    +27 (0) 11 537-0546 or Cell: +27 (0) 82 465-8920
    or
    J&J Group
    Annette Mulder
    Media Liaison
    +27 (0)11 447-3215 or Cell: +27 (0) 82 498-6780