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CRRC interest in Modertrans?

Poznań’s municipal transport undertaking MPK is seeking options for the sale of shares in tram and bus-building subsidiary Modertrans.

Poznań’s municipal transport undertaking MPK is seeking options for the sale of shares in tram and bus-building subsidiary Modertrans. MPK holds 84% of Modertans shares, with the remainder owned by the city.

The mayor of the Polish regional capital first suggested the sale of Modertrans in 2015, with discussions gaining momentum in 2021. Three manufacturers are reportedly interested in acquiring shares in the company, which has modernised and built new trams for systems across Poland. Two of the offers are from Europe, with the third from China’s CRRC, which has offered to sign a letter of intent regarding capital investment.

Established on 31 December 2005, Modertrans began with refurbishment contracts for Poznań’s high-floor trams, subsequently developing its own low-floor designs. Its latest, the Moderus Gamma, has been delivered to Poznań with further orders for Łódź and Wrocław.

Revenues in 2020 exceeded PLN100m (EUR22m) and in June 2021 the company presented Poland’s first 100% low-floor, single-section tram, the Moderus Gamma LF 05 AC.