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Knorr-Bremse Aktiengesellschaft · ISIN: DE000KBX1006 · Newswire (adhoc)
Land: Deutschland · Primärmarkt: Deutschland · EQS NID: 1885127
19 April 2024 17:35PM

Knorr-Bremse Signs Agreement on the Acquisition of Alstom’s Rail Signalling Technology Business in North America

EQS-Ad-hoc: Knorr-Bremse Aktiengesellschaft / Key word(s): Mergers & Acquisitions/Takeover
Knorr-Bremse Aktiengesellschaft: Knorr-Bremse Signs Agreement on the Acquisition of Alstom’s Rail Signalling Technology Business in North America

19-Apr-2024 / 17:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Knorr-Bremse Signs Agreement on the Acquisition of Alstom’s Rail Signalling Technology Business in North America

Munich, April 19, 2024 – Knorr Brake Holding Corporation, a subsidiary of Knorr-Bremse AG (ISIN: DE000KBX1006), today signed an agreement with a subsidiary of Alstom S.A. on the acquisition of Alstom’s conventional rail signalling technology business in North America (Alstom Signaling North America).

As purchase price an enterprise value of around EUR 630 million was agreed. This includes a mid-double-digit million EUR amount for additional expected project business. Alstom Signaling North America attained revenues of about EUR 300 million and an EBIT margin of approximately 16% according to the preliminary results in the past fiscal year which ended on March 31, 2024.

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. From today’s perspective, it is believed that the acquisition will be accretive right from the outset.

The transaction is subject to customary conditions and is expected to close during summer 2024.

The acquisition is to be financed from available liquidity and debt capital and should not affect the credit rating.


Media contact:  

Alexander Stechert-Mayerhöfer    

Head of Corporate Communications

+49 89 3547 1942    



Contact Investor Relations:

Andreas Spitzauer

Head of Investor Relations

+49 89 3547 182310

+49 175 528 1320




End of Inside Information

19-Apr-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language: English
Company: Knorr-Bremse Aktiengesellschaft
Moosacher Str. 80
80809 Munich
Phone: +49 89 3547 0
E-mail: info@knorr-bremse.com
Internet: www.knorr-bremse.com
ISIN: DE000KBX1006
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange (Vienna MTF)
EQS News ID: 1885127

End of Announcement EQS News Service

1885127  19-Apr-2024 CET/CEST


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