PKC Group Plc Company Announcement 25 May 2016 8.00 am
PKC Group signs significant global partnership agreement with Bombardier Transportation
PKC Group has signed a global partnership agreement with Bombardier Transportation related to electrical systems deliveries.
The global partnership agreement makes PKC a strategic supplier partner to Bombardier Transportation with an opportunity to capture 40-70% of Bombardier Transportation’s annual buy of electrical systems commodity. The global rolling stock electrical cabinet, powerpack and electrical distribution system market is valued at approximately EUR 2 billion annually.
The agreement is a global extension to previous local agreement with Bombardier Transportation in Europe. With this agreement Bombardier Transportation and PKC are entering into a new phase of partnership defined by sustainable and trusted long-term preferred cooperation in the railway transportation business.
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.
PKC Group President & CEO Matti Hyytiäinen:
The global partnership agreement is yet another evidence of progress of our growth strategy published in spring 2013. In July 2015 PKC acquired Kabel-Technik-Polska Sp. zo.o. ('KTP') in order to build a global electrical system supplier company serving rolling stock manufacturers wherever they are located. By signing this global partnership agreement, we demonstrate that PKC has the capabilities and competencies to execute that and become a major player also in the rolling stock segment.
PKC Group Plc
Board of Directors
Matti Hyytiäinen
President & CEO
For additional information, contact:
Matti Hyytiäinen, President & CEO, PKC Group Plc, +358 400 710 968
Distribution
Nasdaq Helsinki
Main media
www.pkcgroup.com
PKC Group is a global partner, designing, manufacturing and integrating electrical distribution systems, electronics and related architecture components for the commercial vehicle industry, rolling stock manufacturers and other selected segments. The Group has production facilities in Brazil, China, Estonia, Finland, Germany, Lithuania, Mexico, Poland, Russia, Serbia and the USA. The Group's revenue from continuing operations in 2015 totalled EUR 847 million. PKC Group Plc is listed on Nasdaq Helsinki.