Bombardier Transportation
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Bombardier Transportation
Akiem

Akiem

June 22, 2016 12:48 ET

Leasing Company Akiem Signs Framework Agreement for 52 TRAXX Locomotives with Bombardier

- First call-off includes 26 locomotives

- The TRAXX platform enables Akiem to offer locomotives in multiple countries

CLICHY, FRANCE and BERLIN, GERMANY--(Marketwired - June 22, 2016) -

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Rolling stock leasing company Akiem and rail technology leader Bombardier Transportation have signed a framework agreement for 52 BOMBARDIER TRAXX AC and MS* locomotives with options for additional call offs. The agreement is conditional upon financial closing related to Akiem Holding. The first batch subject to the fulfillment of the condition of 26 locomotives ordered from this framework agreement is valued at a list price of approximately 95 million euro ($107 million USD). Deliveries of the first units are scheduled to take place in 2017.

With a large selection of TRAXX AC3, and MS locomotives, this partnership allows for various technical options, such as the Last Mile and remote control feature for TRAXX AC locomotives.

The TRAXX locomotives supplied will be configured for use in 13 countries and will be fully compliant to the latest European standards including ETCS (European Train Control System) Baseline 3, when required. This will give Akiem the opportunity to extend the operational range of its locomotives and offer its customers a high degree of flexibility.

In addition to the above mentioned framework agreement, Akiem exercised an option for the delivery of five TRAXX DC* locomotives, related to a previous contract.

"This significant investment with Bombardier will extend Akiem's fleet up to 100 TRAXX locomotives by 2018. We are accelerating our positioning on German and Austrian national markets as well as major European corridors towards Sweden, Benelux, Switzerland, Italy, Poland and Central Europe" said Fabien Rochefort, CEO of Akiem: "Through this successful partnership with Bombardier, Akiem keeps developing services combining performance, proximity and security to meet our clients' requirements."

Michael Fohrer, President, Locomotives, Light Rail Vehicles and Services, Bombardier Transportation, added, "We have been working with Akiem since 2011 and we are extremely happy to continue our long term partnership under this frame contract. This agreement enables Bombardier to consolidate the TRAXX locomotive's presence in some of the most promising rail corridors."

The locomotives are powered by BOMBARDIER MITRAC traction converters offering unmatched reliability. The sophisticated MITRAC control system offers safe and energy efficient traction power for sustainable mobility. MITRAC equipment drives more than 3,000 locomotives globally.

About Akiem

Akiem is the European leader for the rental of locomotives. Its fleet is made up of over 350 locomotives able to operate throughout 13 countries in Europe and North Africa. Working closely with its clients, Akiem develops industrial solutions and innovative services to flexibly respond to their challenges.

About Bombardier Transportation

Bombardier Transportation is a global leader in rail technology and offers the broadest portfolio in the industry. It covers the full spectrum of rail solutions, ranging from trains to sub-systems and signalling. The company also provides complete transport systems, e-mobility technology and maintenance services. As an innovation driver, Bombardier Transportation continuously breaks new ground in sustainable mobility. It provides integrated solutions that create substantial benefits for operators, passengers and the environment. Headquartered in Berlin, Germany, Bombardier Transportation employs around 39,400 people and its products and services operate in over 60 countries.

About Bombardier

Bombardier is the world's leading manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.

Bombardier is headquartered in Montréal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability North America Index. In the fiscal year ended December 31, 2015, we posted revenues of $18.2 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

Notes to Editors

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BOMBARDIER, TRAXX, MITRAC and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.

*AC, DC and MS locomotives. Electric locomotives, designed for operating under alternating current (AC) and Direct Current (DC) catenary system, and Multi-System (MS) locomotive.

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