SPANISH BASED CAF TO INVEST IN SOLARIS
After months of rumours and speculations who would become the new owner or partner for Solaris, the polish bus and tram manufacturer has chosen for Spanish CAF. In a joint press release both companies has expressed intentions of investing in Solaris without revealing details.
Further details of the transaction will be negotiated in the coming weeks. The combination of potentials of both companies is an important step in the implementation of the development to gaine a leading position in Europe in sustainable urban mobility systems.
In the past year several busmanufacturers has shown interest in Solaris although no explicit information was given except what the rumours like at Busworld Kortrijk told us, although Solaris Bus & Coach ceo Solange Olszewska stated in the press release that several candidates from Poland and abroad had shown interest. CAF as a partner is a surprising one, were as CAF is since 2013 also involved with Spanish busmaker Castrosua in the joint venture Vectia for electro mobility. According to a statement by Andrés Arizkorreta, President and Chief Executive Officer of CAF, the main interest of CAF is that the investment in Solaris opens new strategic markets to the Spanish company especially in the e-mobility segment. For Solaris CAF opens up markets on a global scale, whilst CAF is operating worldwide. Andrés Arizkorreta says in the press release that CAF wants to develop Solaris’ valuable brand and maintain its Polish character. "The combination of both companies’ know-how in production, design, technology and services, together with Solaris’ innovation as well as its experience in bus building business will allow us to better serve our clients while creating shareholder value.”
Solaris Bus & Coach S.A. was founded in 1996 by Solange and Krzysztof Olszewski and employs currently 2,300 people in its production facilities in Bolechowo near Poznań and in Środa Wielkopolska. Solaris’ products are present in 32 countries in over 700 cities. Over 16,000 vehicles, including trolley's, have left Solaris factories so far: traditional diesel drive, hybrid buses, electric buses, hydrogen fuel cell vehicles and CNG. In 2017, the company delivered a record number of 1,397 buses city buses manufacturers. The Solaris Urbino electric was awarded the prestigious "International Bus of the Year 2017" title.
CAF has more than 100 years of history and is listed on the Spanish stock exchange. The company is engaged in the design, production, maintenance and supply of rolling stock and rail vehicles, solutions for urban transport, including e-mobility.