Knorr-Bremse AG Acquires Alstoms North American Conventional Rail Signalling Business
Summary
The acquisition marks Knorr-Bremse’s entry into the control, command, and signalling (CCS) segment, a strategic move to drive profitable growth and expand its technological competence in the rail industry. Knorr-Bremse’s acquisition of Alstom Signaling North America’s business positions the company as one of the US market leaders in the CCS segment. – Financial Performance: Alstom Signaling North America reported revenues of about €300 million and an EBIT margin of approximately 16% in the past fiscal year. The acquisition enables Knorr-Bremse to offer a comprehensive CCS technology platform to operators and system providers in North America. Henri Poupart-Lafarge, Chairman and Chief Executive Officer of Alstom, stated, “We are pleased to sign this agreement, which marks an important step in the implementation of our action plan.” Discover the endless possibilities of our city’s Metro at InnoMetro, our flagship Expo and Conference.