Škoda Transportation has been confirmed as the winner of a tender to
supply of up to 45 six-car metro trains for Warsaw.
The first set is due to be handed over to the Polish capital within two years of signing the purchase contract.
Škoda Transportation is part of the PPF group controlled by Czech billionaire Petr Kellner. The total value of the contract is almost 8 billion crowns.
The investment group PPF of Petr Kellner has signed an agreement on the
purchase of 100 percent shares in the Plzen engineering company Škoda
Transportation. The sales deal was confirmed by PPF spokeswoman Zuzana
Migdalová, though she did not specify how much PPF paid for the company.
According to the business news site ihned it was over 10 billion crowns. With its 5,300 employees, Škoda Transportation is the biggest transport engineering company in Central and Eastern Europe.
The billionaire Daniel Křetínský's Energetický a průmyslový
(EPH) is aiming to buy the Plzeň-based company Škoda Transportation,
according to the daily Mladá fronta Dnes and the weekly Euro. The price of
the transaction has been estimated as worth more than 10 billion crowns
(some 390 million euros). According to a shareholder quoted, the deal could
be completed before the end of the year.
With 5,300 employees, Škoda Transportation is the largest mechanical engineering company in Central and Eastern Europe.
Finnish Transtech, a subsidiary of Škoda Transportation, will deliver a
total of 20 double deck electric carriages to Finland. The price of the
contract amounts to nearly 1.4 billion crowns.
The first double deck coaches were introduced in the Finnish railways in June 1998, and now a total of 152 coaches carry passengers on all main routes in Finland.
Plzeň-based transport company Škoda Transportation acquired a controlling stake in Finland’s sole manufacturer of rail vehicles and trams in August 2015.
Czech transport engineering group Škoda Transportation announced that it almost tripled its net profit in 2016 to 1.571 billion crowns compared with the result in the previous year. The increase came in the face of a 14 percent drop in turnover to 15.7 billion crowns. The group, with around 5,300 employees based in Plzeň, is the biggest producer of trams, locomotives, carriages, trolley buses, and electric buses in Central and Eastern Europe.
The Czech company Škoda Transportation has completed its first train as part of an order for Germany’s Deutsche Bahn, iDnes.cz reported on Monday. The order is seen as a major breakthrough for Škoda Transportation. However, production delays mean that the company will not be presenting the new train at next week’s Innotrans railway trade fair, the news website said. Under the CZK 2.6 billion deal, the Czech firm is supplying Deutsche Bahn with six six-wagon, bilevel trains including locomotives.