By Helena Smolak

Siemens Mobility said Austrian's federal railways company OBB has ordered a first batch of 70 Mireo regional and long-distance trains.

The German railway company said Friday that the order, valued at more than 800 million euros ($870.1 million), forms part of a framework agreement awarded to Siemens Mobility at the end of summer last year.

The agreement to deliver up to 540 single-deck electric multiple-unit trains continues the manufacturer's development of its Mireo brand and its partnership with the Austrian operator.

"We are especially proud to deliver a further development of the Mireo platform to OBB as a single car concept for the company's new fleet," Michael Peter, Chief Eexecutive of Siemens Mobility said.

The trains will be delivered in three different versions from late 2027 onward, it said.

Write to Helena Smolak at helena.smolak@wsj.com

(END) Dow Jones Newswires

January 19, 2024 04:13 ET (09:13 GMT)

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