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Schaltbau Holding AG, DE000A2NBTL2

Schaltbau Holding AG, DE000A2NBTL2

13.06.2019 - 10:17:29

Schaltbau Holding AG: Schaltbau subsidiary Bode to supply Volkswagen exclusively with sliding door components for the MOIA ride-sharing vehicle

 

Munich/Kassel (Germany), 13 June 2019. Today, Bode GmbH & Co. KG ("Bode"), a subsidiary of the Schaltbau Group, announced that it has entered into a contract to supply Volkswagen AG ("VW") with electric drive units and other components for the linear sliding door system of VW's MOIA ride-sharing vehicle. Bode has developed the components especially for this vehicle, leveraging the benefit of its long experience in designing and manufacturing sliding door parts for VW.

MOIA is a new shared taxi concept introduced by VW, specially designed to reduce the congestion caused by private vehicle traffic in densely populated areas. The MOIA vehicles have been on the roads in Hanover since July 2018 and in Hamburg since April this year. Moreover, the service is set to be launched in further cities in the near future.

Robert Wittmann, spokesman of the Bode board of directors, commented: "As market leader for bus doors in Europe and a long-standing supplier of sliding door components, including those for a number of VW vehicles, we greatly look forward to contributing our expertise to a highly advanced mobility project such as VW MOIA. The high levels of traffic congestion in larger cities, significantly impacted by the increasing numbers of private vehicles on public roads, should mean an enormous market potential for ride-sharing services. With its range of components and systems, Bode soon will become a reliable partner for other vehicles deployed in innovative transportation concepts as well."

Contact Wolfgang Güssgen Head of Investor Relations & Corporate Communications Schaltbau Holding AG Hollerithstrasse 5 81829 Munich Germany T +49 89 93005-209guessgen@schaltbau.dewww.schaltbaugroup.com About Schaltbau With annual sales in the region of EUR 500 million and around 3,000 employees, the Schaltbau Group is an internationally leading supplier of components and systems in the field of transportation technology and the capital goods industry. With Schaltbau, Bode and Pintsch as their core brands, Schaltbau Group companies develop a wide range of high-quality technologies and customer-specific solutions for rolling stock, rail infrastructure, road vehicles and a range of other industrial applications. The Group's portfolio includes high- and low-voltage components, door and boarding systems, interior fittings for rolling stock, complete level crossing systems, and shunting and signal technology. Its innovative products make Schaltbau a key industrial supplier, particularly in the field of transportation technology and for industrial applications that require DC switching technology in future-oriented markets such as new energy, electromobility, the DC industry and smart building.

Disclaimer This corporate news contains statements regarding future developments based on information currently available. As a result of risks and uncertainties, actual outcomes could differ from the forward-looking statements made. Schaltbau Holding AG does not intend to update these forward-looking statements.

13.06.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: Schaltbau Holding AG Hollerithstraße 5 81829 Munich

Germany Phone: +49 89 - 93005 - 209 Fax: +49 89 - 93005 - 398 E-mail: guessgen@schaltbau.de Internet: www.schaltbaugroup.de ISIN: DE000A2NBTL2 WKN: A2NBTL Indices: Prime Standard Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange EQS News ID: 824003   End of News DGAP News Service

824003  13.06.2019 

@ dgap.de