EQS-News

Knorr-Bremse Acquires Alstom’s Rail Signalling Technology Business in North America

EQS-News: Knorr-Bremse Aktiengesellschaft / Key word(s): Mergers & Acquisitions/Takeover Knorr-Bremse Acquires Alstom’s Rail Signalling Technology Business in North America 19.04.2024 / 17:36 CET/CEST The issuer is solely responsible for the content of this announcement. Knorr-Bremse Acquires Alstom’s Rail Signalling Technology Business in North America

• Knorr-Bremse is strengthening especially its resilient rail business
• The acquisition is accretive from the beginning
• By acquiring one of the market leaders in North America, Knorr-Bremse is increasing its overall revenue share in the aftermarket business and the region
• By entering the global rail control, command, and signalling (CCS) technology market, the total addressable rail market volume for Knorr-Bremse will increase by up to € 20 billion in the medium term
• Acquisition underscores the clear plan for implementing the Group-wide “BOOST 2026” strategy program
• Transaction expected to close during summer 2024

 

Munich, April 19, 2024 – Knorr-Bremse AG, the global market leader for braking systems and a leading provider of other rail and commercial vehicle systems, today announced its acquisition of the conventional rail signalling technology business of Alstom Signaling North America. With this acquisition, Knorr-Bremse is successfully making an entry into the highly attractive control, command, and signalling (CCS) segment of the rail market. Alstom Signaling is a leading company in North America’s CCS market. For the Knorr-Bremse Rail Vehicle Systems division, the acquisition of this profitable business creates new prospects for profitable growth, technological competence, and future digital business models. The transaction is expected to close during summer 2024.

Marc Llistosella, Chief Executive Officer of Knorr-Bremse AG: “This acquisition is good for Knorr-Bremse and will drive our profitable growth further. With it, we are not just building on our highly profitable rail business. Rather, we will also become one of the US market leaders in North America in the rail control, command, and signalling segment, or CCS for short. The transaction pursues a compelling industrial logic and is a very good match for our development and growth path, as we announced in our ‘BOOST 2026’ strategy program. We at Knorr-Bremse are putting our plans into action. We are delighted that we will soon welcome new colleagues to the Knorr-Bremse team, too.”