High-speed train company, Flixtrain, intends to buy approximately 65 new trains.
FlixTrain Unveils Ambitious Expansion Strategy, to Acquire Up to 65 High-Speed Trains
German travel provider, Flix, has revealed plans for a significant expansion of its long-distance rail services, ordering up to 65 new high-speed trains from Spanish manufacturer Talgo, valued at approximately €2.4 billion. The deal includes locomotives from Siemens, according to the company's announcement.
Thirty trains have been firmly ordered, with an option for an additional 35. The package, which also covers maintenance, is expected to cost up to €2.4 billion. The delivery dates for the trains remain unspecified.
The trains, capable of speeds up to 230 kilometers per hour, will feature barrier-free access. FlixTrain, competing with Deutsche Bahn in long-distance rail travel with its FlixTrain brand, currently operates 13 trains, usually run by partner companies. The new acquisitions are likely to bolster the company's fleet substantially.
FlixTrain's CEO and co-founder, André Schwämmlein, commented, "We are pursuing a long-term strategy with FlixTrain and aim to significantly expand our offering in the coming years. Our goal is not just to increase our market share but also to significantly expand the market itself."
Support for the expansion came from Germany's new transport minister, Patrick Schnieder (CDU), who described the investment as a strong signal for the rail market.
FlixTrain's expansion strategy aims to extend its services beyond Germany into broader European markets, leveraging the new fleet to support its geographical growth. The company is collaborating with the European Commission to promote European train travel and enhance passenger offerings on an international scale.
The expansion coincides with the German government's commitment to long-term investments in rail infrastructure and track access system reforms, which could encourage further private investments and increase competition in the rail sector.
This investment marks a turning point for train travel in Germany and Europe, positioning FlixTrain to lead a transformation towards sustainable rail travel, catering to more passengers while fostering a greener travel alternative.
- The following are the main categories of train that FlixTrain's expansion strategy aims to utilize: transportation, industry, and technology.
- The ambitious acquisition of up to 65 high-speed trains by FlixTrain serves as a strong signal for the transportation industry and finance, particularly in Europe.
- The new fleet of FlixTrain, composed of 65 high-speed trains, will not only strengthen the company's position in the automotive sector but also bolster the broader transportation industry, promoting European train travel on an international scale.
