Angel Trains places order worth approx. Euro 70 Million with Siemens for 16 trains

The contract includes an option for 84 additional trains.

Angel Trains, one of Europe’s largest rolling stock lessors has signed an agreement with Siemens Transportation Systems for the purchase of Desiro ML electric multiple units. The first 16 trains, worth a total value of approximately 70 million Euros, have been ordered and will be leased to trans regio Deutsche Regionalbahn GmbH. The German company had signed a contract in January 2007 for the Mittelrheinbahn concession (a rail service between Mainz and Cologne), running for 15 years and commencing in December 2008. The agreement of Siemens and Angel Trains includes an option for a further 84 trains to meet the needs of its portfolio and its clients. Work will commence on manufacturing the trains in July in the Siemens works in Krefeld, Germany.

The Desiro ML is a train that has been specially designed to meet the ever changing needs of regional rail networks. The modular design allows cars to be combined in different ways to configure trains varying in length between 49 and 282 meters. The system operator can also choose between different interior layouts, for example, he can vary the number of seats.

Oliver Feicks, General Manager of Angel Trains Europa GmbH said: “We are delighted to have concluded this deal. This major investment will enable us to diversify our portfolio with the addition of the Desiro ML – one of the most modern trains available on the market at present. We are pleased that our knowledge and experience has helped trans regio in this complex deal and that our trains will be operated on one of Germany’s most beautiful routes.”

Christian Klein, Managing Director of trans regio Deutsche Regionalbahn GmbH commented: “Angel Trains has proven to be a reliable and confident partner for us and we are delighted to work with them on this deal. Siemens offer a very flexible rolling stock product series which trans regio will take into consideration when awarding contracts in the future. We have established a firm relationship with both Siemens and Angel Trains Europa and they will play a key role in trans regio’s future corporate development.”

This latest order takes the total fleet of passenger trains now managed by Angel Trains Europa, the Cologne-based German subsidiary of Angel Trains, to over 220 units all together, comprising sixty electric multiple units.

Pictures accompanying this press release may be found under http://www.siemens.com/ts-pictures/Angel_Trains

About Angel Trains


Angel Trains Group has assets on lease in Austria, Belgium, Denmark, France, Germany, Italy, Luxembourg, the Netherlands and Switzerland, as well as the United Kingdom.

Angel Trains is a leading lessor of railway rolling stock in the UK and in Continental Europe, with aggregate investments of over €6 billion. It has its group headquarters in London and other offices in Antwerp, Cologne, Derby, Madrid and Rome.

Angel Trains is a wholly-owned subsidiary of The Royal Bank of Scotland Group, one of Europe’s leading financial services groups.

The Transportation Systems Group (TS) of Siemens AG is one of the leading international suppliers to the railways industry. As single-source supplier and system integrator, the Group combines in its business segments Automation & Power, Rolling Stock, Turnkey Systems and Integrated Services all the expertise necessary to cover the spectrum from signaling and control systems to traction power supplies, as well as rolling stock for mass transit, regional and main line services. Extensive experience in project management and forward-looking service concepts complement our portfolio. In fiscal 2006 (ended September 30), TS generated sales of around €4.5 billion with around 18,800 employees worldwide. Further information on TS can be found at www.siemens.com/transportation.