Deutsche Bahn and Bombardier Transportation have agreed on an out-of-court settlement regarding various vehicle projects, where the two companies were able to amicably settle their long-standing legal disputes.
"We have worked intensively in recent months towards a solution to this extremely complex and difficult situation and thus achieved a settlement acceptable to both sides", says Gerd Becht, Member of the Managing Board of Deutsche Bahn, Compliance, Data Protection, Legal Affairs and Corporate Security. The claims, which both parties have voiced in court, are thus settled.
The types of trains covered under this settlement include Berlin S-Bahn vehicles, Regional and Commuter trains in Bavaria, North Rhine-Westphalia and Baden-Württemberg, as well as the TALENT 2.
Lutz Bertling, President of Bombardier Transportation, stresses, “Since taking over the management of Bombardier Transportation, I was personally committed to improving our relationship with our most important customer. The settlement is an encouraging sign for our future cooperation."
Deutsche Bahn and Bombardier see this step as creating a new foundation for their business relationship, allowing better collaboration.
Both sides have agreed not to disclose the details of the settlement.
About Bombardier Transportation
Bombardier Transportation, a global leader in rail technology, offers the broadest portfolio in the rail industry and delivers innovative products and services that set new standards in sustainable mobility. BOMBARDIER ECO4 technologies – built on the four cornerstones of energy, efficiency, economy, and ecology – conserve energy, protect the environment, and help to improve total train performance for operators and passengers. Bombardier Transportation is headquartered in Berlin, Germany, and has a very diverse customer base with products or services in more than 60 countries. It has an installed base of over 100,000 vehicles worldwide.
Bombardier is the world’s largest manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable, and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.
Bombardier is headquartered in Montréal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America Indices. In the fiscal year ended December 31, 2014, we posted revenues of $20.1 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.
Notes to Editors
BOMBARDIER, TALENT, ECO4 and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.
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