Finnish PKC Group inks EUR 200 million contract
Finland-based contract manufacturer PKC Group has landed a major rolling stock contract with a value up to 200 million euros.
PKC Group has won new rolling stock business contracts from Germany-based rail vehicle manufacturing giant Bombardier Transportation (BT). The deal is signed in the amount of approximately 50 million euros as fixed orders and approximately an additional 150 million euros as options.
The business contracts comprise of electrical cabinets to a BT’s customer in Central Europe, including long-term deliveries until the late 2020’s subject to realisation of the options.
“[This is] for us potentially the biggest single order ever in the Rolling Stock business,” reveals Andre Gerstner, president at PKC Rolling Stock Business.
The deliveries, commencing immediately, may include up to 17 different types of electrical cabinets per a double-decker intercity train.
In addition, PKC Group has been awarded a contract to enter the United Kingdom’s railway market which is expected to grow strongly in the years to come. In the UK, deliveries are expected to begin already during the remainder of the year and continue until 2019.
“Through our first contract signed with BT UK we are getting access to one of the strongest growing railway markets in Europe”, sums Gerstner.