PKC Group Oyj - Company Announcement

PKC Group signs significant global partnership agreement with Bombardier Transportation

PKC Group Plc     Company Announcement    25 May 2016      8.00 am



PKC Group signs significant global partnership agreement with Bombardier
Transportation 



PKC Group has signed a global partnership agreement with Bombardier
Transportation related to electrical systems deliveries. 



The global partnership agreement makes PKC a strategic supplier partner to
Bombardier Transportation with an opportunity to capture 40-70% of Bombardier
Transportation’s annual buy of electrical systems commodity. The global rolling
stock electrical cabinet, powerpack and electrical distribution system market
is valued at approximately EUR 2 billion annually. 



The agreement is a global extension to previous local agreement with Bombardier
Transportation in Europe. With this agreement Bombardier Transportation and PKC
are entering into a new phase of partnership defined by sustainable and trusted
long-term preferred cooperation in the railway transportation business. 



Bombardier Transportation is a global leader in rail technology and offers the
broadest portfolio in the industry. It covers the full spectrum of rail
solutions, ranging from trains to sub-systems and signalling. The company also
provides complete transport systems, e-mobility technology and maintenance
services. As an innovation driver, Bombardier Transportation continuously
breaks new ground in sustainable mobility. It provides integrated solutions
that create substantial benefits for operators, passengers and the environment.
Headquartered in Berlin, Germany, Bombardier Transportation employs around
39,400 people and its products and services operate in over 60 countries. 



PKC Group President & CEO Matti Hyytiäinen:



The global partnership agreement is yet another evidence of progress of our
growth strategy published in spring 2013. In July 2015 PKC acquired
Kabel-Technik-Polska Sp. zo.o. ('KTP') in order to build a global electrical
system supplier company serving rolling stock manufacturers wherever they are
located. By signing this global partnership agreement, we demonstrate that PKC
has the capabilities and competencies to execute that and become a major player
also in the rolling stock segment. 





PKC Group Plc



Board of Directors



Matti Hyytiäinen

President & CEO



For additional information, contact:

Matti Hyytiäinen, President & CEO, PKC Group Plc, +358 400 710 968







Distribution

Nasdaq Helsinki

Main media

www.pkcgroup.com





PKC Group is a global partner, designing, manufacturing and integrating
electrical distribution systems, electronics and related architecture
components for the commercial vehicle industry, rolling stock manufacturers and
other selected segments. The Group has production facilities in Brazil, China,
Estonia, Finland, Germany, Lithuania, Mexico, Poland, Russia, Serbia and the
USA. The Group's revenue from continuing operations in 2015 totalled EUR 847
million. PKC Group Plc is listed on Nasdaq Helsinki.