Knorr-Bremse Aktiengesellschaft: Signaling technology as growth market: Knorr-Bremse finalizes acquisition of Alstom Signaling North America

EQS-News: Knorr-Bremse Aktiengesellschaft / Key word(s): Mergers & Acquisitions/Mergers & Acquisitions Knorr-Bremse Aktiengesellschaft: Signaling technology as growth market: Knorr-Bremse finalizes acquisition of Alstom Signaling North America 02.09.2024 / 08:30 CET/CEST The issuer is solely responsible for the content of this announcement.

Signaling technology as growth market: Knorr-Bremse finalizes acquisition of Alstom Signaling North America

• Following finalization of Alstom Signaling North America deal, Knorr-Bremse acquires all signaling business activities plus team of approximately 800 employees in six locations
• Entering highly profitable North American rail signaling segment contributes to BOOST 2026 strategy focused on sustainable growth and long-term profitability
• Safety-critical, mission-critical signaling technology business is excellent strategic, technological fit with Knorr-Bremse DNA
• Knorr-Bremse’s new Signaling business unit specializing in Control, Command and Signaling (CSS) technologies will establish company as Tier 1 systems and platform partner in global rail market

 

Munich, September 2, 2024 – Knorr-Bremse, the global market leader for braking systems and a leading supplier of other safety-critical systems for rail and commercial vehicles, has just finalized the acquisition of the conventional rail signaling business of Alstom Signaling North America. The investment represents a milestone in Knorr-Bremse’s strategic progress toward long-term profitability and sustainable growth. It will enable Knorr-Bremse to enter North America’s attractive market for signaling technologies (Control, Command and Signaling – CCS), which the company intends to enhance and globalize by developing new and digital solutions.

Marc Llistosella, CEO of Knorr-Bremse AG: “Our new rail signaling technology business in North America is both market-leading and high-margin – and thus an excellent fit with our Group strategy BOOST 2026, which is focused on long-term profitability and sustainable growth. Our entry into the North American signaling market is an outstanding example of Knorr-Bremse’s drive to create even greater value as we further develop our portfolio by entering new, highly promising areas of business. The acquisition also contributes to another strategic objective: to further enhance the Rail side of Knorr-Bremse’s business activities.”