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Knorr-Bremse Aktiengesellschaft: Knorr-Bremse acquires Evac business and becomes a world leading supplier of integrated sanitary systems for passenger trains

DGAP-News: Knorr-Bremse Aktiengesellschaft / Key word(s): Takeover Knorr-Bremse Aktiengesellschaft: Knorr-Bremse acquires Evac business and becomes a world leading supplier of integrated sanitary systems for passenger trains 01.06.2021 / 13:37 The issuer is solely responsible for the content of this announcement. Press Release Munich, June 1, 2021

 

Knorr-Bremse acquires Evac business and becomes a world leading supplier of integrated sanitary systems for passenger trains

- Evac is a world leading supplier of sanitary systems for regional and high-speed trains, with over 100,000 installed units worldwide

- With the acquisition, Knorr-Bremse becomes a global market leader for fully integrated sanitary systems in commuter and high-speed trains

Munich, June 1, 2021 - Knorr-Bremse, the global market leader for braking systems and other rail and commercial vehicles systems, is expanding its position in the field of on-board systems by acquiring the Evac business, a world leading manufacturer of fully integrated sanitary systems for passenger trains. In 2020, the company achieved sales of around EUR 45 million.

"With the acquisition of Evac, we are expanding our know-how in the field of integrated sanitary systems and positioning ourself as a global systems integrator. With its expertise in highly engineered sanitary systems, the Evac Group is the ideal addition to our portfolio. Through this acquisition, Knorr-Bremse will become a world leading manufacturer of integrated sanitary systems for passenger trains. This market segment will be characterized by above-average high growth opportunities in the coming years," explains Dr. Jürgen Wilder, Member of the Executive Board of Knorr-Bremse AG and responsible for the Rail Vehicle Systems division.

The acquisition of the Evac Group, consisting of Evac GmbH and the assets of Monogram Train LLC, is made by Knorr-Bremse Systeme für Schienenfahrzeuge GmbH, Munich, and Knorr Brake Company, USA. Knorr-Bremse has been active in the field of integrated sanitary systems for 30 years and will benefit from the high reputation Evac enjoys among train manufacturers and operators and other business partners worldwide. The majority of the Evac Group's more than 100,000 sanitary systems are installed in Europe, the USA and China.