ABB Signs $180 Million Supply Contract With Stadler Rail
May 07 2020 - 1:57AM
Dow Jones News
By Jessica Sier
ABB Ltd. will supply more than $180 million of equipment to
Swiss train manufacturer Stadler Rail AG, the company said
Thursday.
The Swiss engineering company will provide battery and traction
systems for more than 160 trains and locomotives across Europe and
North America, the company said.
The technology assists in reducing the cost and need for
electrification in existing trains.
ABB will also install its traction equipment in more than 100
new regional trains and locomotives in Germany, Hungary, Italy,
Slovenia, Canada and the U.S.
Write to Jessica Sier at jessica.sier@wsj.com
(END) Dow Jones Newswires
May 07, 2020 01:42 ET (05:42 GMT)
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