April 6, 2018 / 12:36 PM / 2 months ago

Siemens wins 800 million euro rail order in Norway

ZURICH (Reuters) - Siemens (SIEGn.DE) has won its largest ever rail infrastructure order, the German industrial company said on Friday, with an 800 million euro ($978 million) contract to upgrade the signalling equipment of the Norwegian national railway.

FILE PHOTO: Siemens AG headquarters in Munich, Germany June 14, 2016. REUTERS/Michaela Rehle/File Photo

The order is intended to modernise the entire Norwegian rail system with digital technology and make it compatible with the European Train Control System.

Siemens also signed a 25-year maintenance order as part of the deal with Bane NOR, the state-owned agency responsible for Norwegian rail infrastructure.

($1 = 0.8176 euros)

Reporting by John Revill; Editing by John Miller

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