PKC Group Plc Press release 31 October 2016 9.00 am
PKC Group is to be awarded new rolling stock contracts with total value up to EUR 80 million
Bombardier Transportation (BT) has confirmed that PKC Group is to be awarded new rolling stock business contracts following the recently signed global partnership agreement and business contracts released on August in the amount of approximately EUR 80 million.
The business contracts comprise electrical cabinets, wiring harnesses and drivers desks to BT’s customers in Central Europe. The contracts include a five- year delivery schedule with a value of EUR 30 million and a twelve-year delivery schedule with a value of EUR 50 million. Both delivery schedules are to start in 2017 and the volumes may become increased through options.
Andre Gerstner (President, Rolling Stock Business):
We continue to implement the recently signed global partnership agreement together with BT in good co-operation and our long-term order book has increased significantly due to the recent new agreements.
PKC Group Plc
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.