Flixtrain unveils rail links across Europe - European rail service expansion announced: Order for 65 trains placed by Flixtrain.
FLIXTRAIN EXPANDS EUROPEAN RAIL SERVICES WITH 65 HIGH-SPEED TRAINESETS
Flix Train, a prominent European transport provider, has announced plans to extend its rail network across the continent, following the purchase of 65 new high-speed trainsets from Spanish manufacturer Talgo and German firm Siemens.
André Schwämmlein, CEO of Flix Train, stated, "Flix Train represents a true European product," with the company aiming to make the service available in numerous European countries, beginning from its home market in Germany. The trains, designed for compatibility with various national rail systems, will potentially serve countries such as Austria, Denmark, and Sweden, according to reports.
The new trains, which can reach speeds of up to 230 kilometers per hour, will provide services boasting barrier-free entry, state-of-the-art Wi-Fi solutions, and various other comfort-enhancing features. Siemens will be responsible for supplying the locomotives. Germany's Federal Transport Minister, Patrick Schnieder (CDU), has welcomed the investment as a positive sign for the rail market.
Flix Train intends to finance the €2.4 billion investment through a combination of equity and loans, with over €1 billion already pledged, according to the company's statements. The investment is part of Flix Train's broader strategy to grow the long-distance rail market and increase its own market share.
Notably, Flix Train has garnered backing from financial investor EQT and the holding company of logistics billionaire Klaus-Michael Kühn, who entered the company with a 35% stake last July.
While specific destination cities beyond Germany have not been publicly disclosed, the expansion aligns with a favorable political landscape in Germany, committed to investing in rail infrastructure and promoting competition. The new trainsets are expected to play a crucial role in servicing additional routes across Europe in the future.
- As part of Flix Train's strategy to boost its market share in the long-distance rail market, the company plans to invest €2.4 billion in purchasing 65 high-speed trainsets from Siemens and Talgo, with a portion of the finance coming from equity and loans.
- Flix Train's expansion into various European countries includes the acquisition of new trains that can reach speeds of up to 230 kilometers per hour and are designed to be compatible with national rail systems, potentially serving countries such as Austria, Denmark, and Sweden.
- The investment in new trainsets demonstrates a commitment by Flix Train to creating a true European product, as it aims to increase vocational training and job opportunities in the rail, finance, industry, transportation, automotive, and business sectors through its European rail services expansion.
