May 9 Bombardier Transportation, the
Berlin-based unit of Bombardier Inc (BBDb.TO), said it will
partner with Siemens AG (SIEGn.DE) to develop and supply parts
for up to 300 high-speed trains for German national rail
operator Deutsche Bahn AG .
Montreal-based Bombardier, which is the world's largest
passenger-train maker, said the initial order for 130 trains is
worth 1.3 billion euro ($1.8 billion) to Bombardier.
Deutsche Bahn, Europe's biggest transport group by revenue,
is planning to place an additional order of 90 trains with
Siemens, Bombardier said in a statement.
The combined order for the 220 trains would be about 2.1
billion euro ($3 billion) to Bombardier.
The framework agreement between Siemens and Deutsche Bahn AG
also includes an option for up to 80 additional trains that
could be ordered at any time until 2030, Bombardier said.
Shares of Bombardier, which is also the world's No. 3
aircraft maker, were up 10 Canadian cents at C$6.77 on Monday
morning on the Toronto Stock Exchange.
(Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by