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Flix purchases trains worth EUR2.4 billion from Talgo and Siemens

Flix, the German bus-and-train operator, awarded a train order worth 2.4 billion euros ($2.72 billion). The company is banking on the growing demand for high speed services in Europe.

Talgo stated in a press release that it had agreed in principle, as part of the order, to provide 65 Talgo 230 high-speed train models, without locomotives and maintenance, for a total initial order value of 1.06 billion euro.

Flix, whose competitors include the state-owned Deutsche Bahn said in a statement that Siemens will supply the locomotives. The company also said that the demand for high-speed trains in Europe is expected to increase by 4 to 5 percent per year.

Andre Schwaemmlein, CEO of Flix and co-founder of the company, said: "With our tremendous expansion of train fleet we will begin a new age of train travel in Germany & Europe."

(source: Reuters)