Knorr-Bremse Acquires Alstom's North American Rail Signalling Tech Business

• Knorr-Bremse signs agreement to acquire Alstom's Rail Signalling Technology Business in North America - Purchase price of around EUR 630 million agreed, including additional expected project business - Alstom Signaling North America had revenues of about EUR 300 million and EBIT margin of 16% in the past fiscal year - Knorr-Bremse enters the control, command, and signalling (CCS) segment of the rail market with this acquisition - Transaction subject to customary conditions and expected to close in summer 2024 - Acquisition to be financed from available liquidity and debt capital, not affecting credit rating

The next important date, Annual general meeting, at Knorr-Bremse is on 30.04.2024.

The price of Knorr-Bremse at the time of the news was 67,73EUR and was down -1,24 % compared with the previous day.
9 minutes after the article was published, the price was 67,75EUR this corresponds to a plus of +0,04 % since publication.
At this time, the index MDAX was at 26.009,28PKT (-0,35 %).

Knorr-Bremse

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+16,51 %

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-15,17 %

-15,26 %

ISIN:DE000KBX1006WKN:KBX100

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