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

• Knorr-Bremse is acquiring Alstom's Rail Signalling Technology Business in North America.
• The acquisition is expected to increase Knorr-Bremse's overall revenue share in the aftermarket business and the region.
• The acquisition is part of Knorr-Bremse's "BOOST 2026" strategy program and is expected to close in summer 2024.
• The acquisition marks Knorr-Bremse's entry into the global rail control, command, and signalling (CCS) technology market, potentially increasing its total addressable rail market volume by up to €20 billion in the medium term.
• Alstom Signaling North America has the largest installed base of signal box technology, train detection, and rail crossings, especially in the freight segment, and a large share of the aftermarket.
• The purchase price for the acquisition is around EUR 630 million, which includes a mid-double-digit million EUR amount for additional expected and highly profitable project business.

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 67,78EUR and was down -1,17 % compared with the previous day.
8 minutes after the article was published, the price was 67,75EUR this corresponds to a minus of -0,04 % since publication.
At this time, the index MDAX was at 26.008,06PKT (-0,36 %).

Knorr-Bremse

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ISIN:DE000KBX1006WKN:KBX100

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