London, 2013-Jul-05
Siemens confirms that it will not be proceeding further in the Crossrail rolling stock procurement process.
This is a strategic decision that has been taken based on current business activity levels. Crossrail is a very large project and, since first undertaking our initial assessment of capacity and deliverability, Siemens has won multiple additional orders. To pursue another project of this scale could impact our ability to deliver our current customer commitments - something we believe would not be a responsible course of action.
Siemens has an excellent working relationship with the Crossrail bid team and believe that they have conducted a fair and diligent process. We remain fully committed to ensuring the success of the Crossrail project through the continued delivery of the signalling and communications / control systems through Siemens rail automation business.
Contact for journalists:
Laurie Waugh, phone: + 44 (0)7921 242074
E-mail: laurie.waugh@siemens.com
Emma Whitaker, phone + 44 (0)7921 246942
E-mail: emma.whitaker@siemens.com
Siemens Rail Systems
As part of the Siemens Infrastructure & Cities Sector, Siemens Rail Systems Division provides expertise and technology in the full range of rail vehicles – from heavy rail to metros to trams and light-rail vehicles. In the UK, the Division employs around 700 people and maintains over 350 Siemens passenger trains for First TransPennine Express, South West Trains, Heathrow Express, Greater Anglia Franchise (Abellio), Northern Rail, London Midland and ScotRail. The company will also be supplying Eurostar with its new high speed fleet of trains.
Siemens plc
Siemens was established in the United Kingdom 170 years ago and now employs around 13,520 people in the UK. Last year’s revenues were £3.2 billion*. As a leading global engineering and technology services company, Siemens provides innovative solutions to help tackle the world’s major challenges, across the key sectors of energy, industry, infrastructure & cities and healthcare. Siemens has offices and factories throughout the UK, with its headquarters in Frimley, Surrey. The company’s global headquarters is in Munich, Germany. For more information, visit www.siemens.co.uk
* Data includes intercompany revenue. Data may not be comparable with revenue reported in annual or interim reports.
