VOSSLOH signed a contract for the sale of its electric systems business division, Vossloh Kiepe to Knorr-Bremse Rail Vehicle Systems on December 21, a further step in the company’s transition to focus entirely on infrastructure.
KNORR-BREMSE announced on September 28 that it plans to buy out its partner in its ICER Rail joint venture to expand its presence in the train braking friction materials market.
SWEDISH national passenger operator SJ signed a contract worth more than SKr 1bn ($US 120m) with Knorr Bremse subsidiary Swedtrac on April 14 for the interior refurbishment of its fleet of 36 X2000 tilting inter-city trains.
KNORR-Bremse has purchased the rail transport portion of brake pad manufacturer TMD Friction from Hisshinbo Holdings, Japan, to expand its friction materials expertise.
SIX major players in the rail industry came together in Utrecht on March 4 to launch Railsponsible, a new international procurement initiative which aims to achieve improvements in sustainability throughout the supply chain.
KB Holding, which has a 29.99% holding in Vossloh, plans to offer between €48 and €49 per share for the remaining 70% of the company.
SWISS train equipment automation specialist Selectron Systems has been acquired by Knorr-Bremse for an undisclosed sum, subject to approval by competition authorities.
KNORR-BREMSE announced on August 27 that it has acquired British rolling stock overhaul, accident repair, and component specialist Railcare, which entered administration on July 31.
KNORR-Bremse opened a new manufacturing facility in Itupeva in São Paulo state, Brazil, on April 17 following a Reais 111m ($US 55.6m) investment.
GO-Ahead has awarded Knorr-Bremse two contracts to deliver its Leader driver assistance system on dmus operated by its Southern and London Midland franchises in Britain.