DGAP-Adhoc: Schaltbau Holding AG: Schaltbau Sepsa to supply information and auxiliary power systems for new subway cars of the New York City Transit Authority

2018. november 29., csütörtök, 13:18





DGAP-Ad-hoc: Schaltbau Holding AG / Key word(s): Agreement/Contract


Schaltbau Holding AG: Schaltbau Sepsa to supply information and auxiliary power systems for new subway cars of the New York City Transit Authority


29-Nov-2018 / 13:18 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Schaltbau Sepsa to supply information and auxiliary power systems for new subway cars of the New York City Transit Authority



  • A minimum of 535 new subway cars will be equipped with information and auxiliary power systems between 2019 and 2022, translating into revenues of more than USD 47 million for Schaltbau Sepsa

  • Depending on the demand of the New York City Transit Authority, up to 1,077 additional new subway cars may be equipped until 2025, generating additional revenues of up to USD 87 million for Schaltbau Sepsa and implying total revenues under the agreement of up to USD 134 million

Munich (Germany), 29 November 2018. Spain-based Albatros S. L. U. ("Schaltbau Sepsa") - part of the Schaltbau Group (Schaltbau Holding AG, WKN: A2NBTL2, ISIN: DE000A2NBTL2) - entered into an agreement with Kawasaki Rail Car, Inc. ("Kawasaki") to supply information and auxiliary power systems for 535 new subway cars which Kawasaki will provide to the New York City Transit Authority.



This agreement will translate into revenues of more than USD 47 million for Schaltbau Sepsa and will cover the development, production and delivery of the original equipment and spare parts for the new subway cars. Delivery of the equipment is expected to start in Q4 2019 with the first pilot cars and to be finalised in 2022.



Moreover, depending on the demand of the New York City Transit Authority, Schaltbau Sepsa will deliver equipment and spare parts for 1,077 additional new subway cars until Q3 2025, translating into incremental revenues of up to USD 87 million. In total, under the agreement Schaltbau Sepsa will provide equipment for up to 1,612 subway cars, resulting in revenues of up to USD 134 million for Schaltbau Sepsa.



Schaltbau Group has decided to put Schaltbau Sepsa up for sale in November 2017.



Contact:

Wolfgang Güssgen

Head of Investor Relations & Corporate Communications

Schaltbau Holding AG

Hollerithstrasse 5

81829 Munich

Germany

T +49 89 93005-209
guessgen@schaltbau.de
www.schaltbau.com











29-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Schaltbau Holding AG

Hollerithstraße 5

81829 Munich

Germany
Phone: +49 89 - 93005 - 209
Fax: +49 89 - 93005 - 398
E-mail: guessgen@schaltbau.de
Internet: www.schaltbau.de
ISIN: DE000A2NBTL2
WKN: A2NBTL
Indices: Prime Standard
Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange





 
End of Announcement DGAP News Service




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