Bombardier signs $212 million deal with Siemens

Mon Nov 17, 10:09 AM

BRUSSELS (Reuters) - Canadian manufacturer Bombardier said on Monday its transport unit had signed a contract with Siemens to assemble part of the German group's trains for the Brussels railway network.

The initial order is valued at about 168 million euros ($212 million) and covers the procurement and manufacturing activities for the painting, end-assembly and testing of the trains, Bombardier said in a statement.

The contract contains an initial order of 115 trains, with an option for another 85.

The work will be carried out at Bombardier Transportation's site in Bruges, Belgium, Bombardier said.

Deliveries are scheduled from March 2012 to January 2014 and until April 2015 with the optional trains included.

(Reporting by Antonia van de Velde, editing by Dale Hudson)