By Kim Richters 
 

Siemens AG's mobility arm won an order worth 1 billion euros ($1.14 billion) for high-speed trains from Deutsche Bahn AG, the companies said Wednesday.

Siemens Mobility will provide 30 new ICE high-speed trains to the German railway company, they said in a joint statement.

The trains will initially run between the German state North Rhine-Westphalia and the city of Munich, starting in 2022. They will be built in Germany and Austria.

"In addition to the 30 new ICE trains just ordered, there is an option for an additional 60 trains," the companies said.

 

Write to Kim Richters at kim.richters@wsj.com

 

(END) Dow Jones Newswires

July 15, 2020 06:32 ET (10:32 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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