Morningstar

Siemens Mobility Gets More Than $2.23 Billion Rail Contract

Provided by Dow Jones Oct 15, 2026, 8:35:00 AM

By Adam Whittaker

Siemens Mobility said it received a contract for battery-powered trains, maintenance and depots totaling more than 2 billion euros ($2.23 billion).

The German company said Thursday that the Lower Saxony Transport Authority and Greater Braunschweig Regional Association have ordered 113 three-car Mireo Plus B battery trains. The contract includes a 30-year service package, and the construction of two depots in Lower Saxony.

The contract also includes the option for up to 132 additional rail vehicles, the company said.

The trains will enter service from the end of 2031, it added.

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

October 15, 2026 04:35 ET (08:35 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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