Following recent press reports, Bombardier confirms that it is in discussions with Transmashholding in Russia.
These discussions are at a very preliminary stage and, as the outcome is unknown, the Company will make no further comment on these discussions at this time.
Bombardier wishes to point out that it has a long and successful relationship with partners in Russia for over 50 years, and that it will continue to explore opportunities for growth in this very important market.
Bombardier Transportation and Transmashholding, Russia’s leading rail technology manufacturer, announced last May 25, 2007, their agreement to invest €12.5 million together to create two joint ventures: an engineering joint venture to develop advanced propulsion technology plus a production joint venture to manufacture traction converters based on Bombardier’s MITRAC propulsion technology. Additional areas of cooperation are also being considered between the two parties.
Background facts and figures
About Bombardier Transportation
Bombardier Transportation has its global headquarters in Berlin, Germany with a presence in over 60 countries. It has an installed base of over 100,000 vehicles worldwide. The Group offers the broadest product portfolio and is recognized as the leader in the global rail sector.
A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2007, were $14.8 billion US, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes. News and information are available at www.bombardier.com .
BOMBARDIER and MITRAC are trademarks of Bombardier Inc. or its subsidiaries.
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