Knorr-Bremse Aktiengesellschaft / DE000KBX1006

Knorr-Bremse Aktiengesellschaft: 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


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.

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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 [phone]     [e-mail]    Contact Investor Relations: Andreas Spitzauer Head of Investor Relations [phone] [phone] [e-mail]    

End of Inside Information

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

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Language:	English
Company:	Knorr-Bremse Aktiengesellschaft
	Moosacher Str. 80
	80809 Munich
	Germany
Phone:	[phone]
E-mail:	[e-mail]
Internet:	www.knorr-bremse.com
ISIN:	DE000KBX1006
WKN:	KBX100
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

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1885127  19-Apr-2024 CET/CEST