Vossloh Locomotives wins €140m diesel-electric loco contract

Vossloh Locomotives in Kiel, a subsidiary of Vossloh AG, has signed a contract for the delivery of 44 DE 18 diesel-electric locomotives with French company Akiem S.A.S.

Akiem is one of the leading leasing firms for rail vehicles in Europe and the volume of the order amounts to approximately €140 million. The locomotives for Akiem will be produced at the new Vossloh Locomotives location in Kiel Suchsdorf and shipped from 2018 onwards. In addition to the relocation of the production site, the order supports the improvement in the revenue and earnings power of Vossloh Locomotives, which had already been presumed in the planning.

Hans M. Schabert, Chairman of the Executive Board of Vossloh AG, said: “The order is a great sales success for Vossloh Locomotives and provides our new location in Kiel Suchsdorf with a very good capacity utilisation for several years. We will move into the new facilities starting in fall of 2016.”

Thomas Schwichtenberg, Managing Director at Vossloh Locomotives, adds: “We are very pleased with the confidence Akiem has shown in us and with this major order, which proves that our locomotives are top performers.”