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Friday, Feb 21, 2025 12:03 pm ET1min read
Siemens Mobility has signed a framework agreement with RIVE Private Investment for up to 50 Vectron locomotives, including an initial order of 15 and an option for 35 more. The deal also includes an eight-year full-service contract and an extension option. Railigent X, an application suite from Siemens Mobility, will aid in maintenance and life cycle management. The Vectron family has surpassed 2,600 units sold across 16 countries, covering over 1 billion km.
Siemens Mobility, a leading provider of rail transportation solutions, has recently signed a significant framework agreement with RIVE Private Investment, a European investment group. The deal includes an order for 15 Vectron locomotives, with options for an additional 35 units, along with an eight-year full-service contract and an extension option [1].The Vectron family, which has surpassed 2,600 units sold across 16 countries, offers both reliability and flexibility for European rail freight transport [1]. This agreement further solidifies Siemens Mobility's position as a key player in the European rail market.
Siemens Mobility's collaboration with RIVE Private Investment is not an isolated incident. In June 2021, the company signed a similar framework purchase agreement with Paribus Rail Investment Management GmbH, part of the Paribus Group, for up to 30 Vectron Dual Mode locomotives [2].
The Vectron Dual Mode locomotive is an innovative investment in the future of rail freight transport. It can flexibly switch from diesel to electric operation on electrified stretches, making it a sustainable alternative to conventional diesel locomotives [2]. Siemens Mobility's long-term maintenance contracts further enhance their service competence in the rail industry.
Incorporating Railigent X, an application suite from Siemens Mobility, will aid in maintenance and life cycle management of the Vectron locomotives, ensuring optimal performance and longevity [1].
References:
[1] MarketScreener. (2022, January 18). Siemens signs contract for 50 locomotives with Northrail. Retrieved from https://www.marketscreener.com/quote/stock/SIEMENS-AG-56358595/news/Siemens-signs-contract-for-50-locomotives-with-Northrail-49111197/
[2] Global Railway Review. (2021, June 30). Siemens Mobility and Paribus Vectron locomotives. Retrieved from https://www.globalrailwayreview.com/news/125708/siemens-mobility-paribus-vectron-locomotives/
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