CAF Expands Global Presence with Major UK and Colombian Contracts

Construcciones y Auxiliar de Ferrocarriles ( (ES:CAF) ) has shared an update.

CAF has secured two significant maintenance contracts in the UK and Colombia, valued at nearly 400 million euros. In the UK, CAF renewed its agreement with Northern Trains Limited and Eversholt Rail Limited for a decade, covering maintenance of 101 trains, thus reinforcing its strategic position in the British railway market. In Colombia, CAF signed a long-cycle maintenance contract with Metro de Medellín for 38 train units, further solidifying its relationship with the Colombian operator and enhancing urban mobility in Medellín.

More about Construcciones y Auxiliar de Ferrocarriles

Construcciones y Auxiliar de Ferrocarriles (CAF) operates in the railway services industry, providing maintenance and manufacturing services for train fleets. The company is focused on expanding its market presence globally, managing over 150 service contracts across more than 20 countries, supported by a workforce of nearly 4,000 people.

YTD Price Performance: 22.60%

Average Trading Volume: 797

Technical Sentiment Signal: Sell

Current Market Cap: €1.48B

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