Knorr-Bremse stops pursuing the acquisition of a shareholdering in HELLA
Today, the Executive Board of Knorr-Bremse AG decided to stop pursuing a potential acquisition of a majority stake in HELLA GmbH & Co. KGaA. Following careful analysis, the Executive Board determined that the possible transfer of key technologies and products to its own product portfolio would not result in the realization of the expected synergies.
Cutting-edge brake control systems: Knorr-Bremse delivers 100,000th unit in globally successful CubeControl family
CubeControl family, world’s best-selling Metro Brake Control System, reaches new milestone with delivery of 100,000th unit Under continuous development, the distributed control system is now extending its compelling advantages to other vehicle platforms such as regional and S-Bahn commuter trains, as well as high-speed trains After two decades of best-selling success worldwide, Knorr-Bremse is celebrating the delivery of 100,000 units of the CubeControl Metro Brake Control System. With the mechatronic system, previously known as the EP2002, the global market leader for braking systems and other rail and commercial vehicle systems has set a new industry benchmark – and continues to make a major contribution to safe, reliable and accessible rail travel, now and in the future.
Knorr-Bremse AG takes Gold in German Brand Awards 2021
Knorr-Bremse wins coveted “Gold” German Brand Award in the “Excellent Brands – Transport & Mobility” category Jury says Knorr-Bremse’s “One Brand” brand strategy unites all Group brands into powerful, convincing whole, delivering consistent brand presence worldwide At the virtual German Brand Awards ceremony on June 10, 2021, Knorr-Bremse was presented with the Gold award in the “Excellent Brands – Transport & Mobility” category. The award paid tribute to the Group’s global “One Brand” brand positioning strategy. German Brand Awards are presented every year by the German Design Council and German Brand Institute in recognition of successful brands, consistent brand management and long-term brand communication. This year’s awards ceremony was the sixth in succession.
Knorr-Bremse celebrates start of production of Recirculating ball screw Type Steering Gear (RCB) technology at new plant in Thailand
Knorr-Bremse announces official start of RCB production in Thailand New plant recently opened by Knorr-Bremse Commercial Vehicle Systems (Thailand) “KBT” Important step to match rapid market recovering in South East Asia KBT provides RCB for top OEMs in the region Knorr-Bremse recently celebrated the official start of production of its RCB product IPS (Integral Power Steering) at the new Knorr-Bremse Commercial Vehicle Systems (Thailand) “KBT” plant in Chachoengsao, east of Bangkok. Knorr-Bremse senior management, staff and partners witnessed the opening ceremony either online or in person.
Knorr-Bremse acquires Evac business and becomes a world leading supplier of integrated sanitary systems for passenger trains
Evac is a world leading supplier of sanitary systems for regional and high-speed trains, with over 100,000 installed units worldwide With the acquisition, Knorr-Bremse becomes a global market leader for fully integrated sanitary systems in commuter and high-speed trains Knorr-Bremse, the global market leader for braking systems and other rail and commercial vehicles systems, is expanding its position in the field of on-board systems by acquiring the Evac business, a world leading manufacturer of fully integrated sanitary systems for passenger trains. In 2020, the company achieved sales of around EUR 45 million.
Annual General Meeting of Knorr-Bremse AG: Dividend of EUR 1.52 approved
Dividend payout ratio of around 46 percent of consolidated net income for the year Supervisory Board elections: Dr. Stefan Sommer newly elected and other Supervisory Board members confirmed
Knorr-Bremse AG achieves outstanding results in the first quarter of 2021
Very positive business performance in the first quarter of 2021 In Q1 2021, order intake rises for the third time in a row and improves by 13.3% to EUR 1.80 billion (previous year: EUR 1.59 billion) Order book at record level: Increase of EUR 432 million (+9.3%) compared to the previous year (EUR 4.65 billion) to EUR 5.08 billion Revenues grow by 3.9% to EUR 1.69 billion compared to Q1 2020 Major increase in profitability: EBITDA margin increases to 18.9% (previous year: 17.8%) and EBIT margin to 14.9% (previous year: 13.8%), each having improved by 110 basis points Knorr-Bremse considers itself on track for full year 2021 and confirms its guidance Knorr-Bremse AG, the global market leader for braking systems and a leading supplier of other rail and commercial vehicle systems, today published its results for the first quarter of 2021.
Climate Strategy 2030: Knorr-Bremse drives forward extensive climate action measures
Key milestone en route to carbon neutrality from 2021: CO2 emissions reduced by 59 percent in 2020 Investment in in-house energy generation from renewables and energy efficiency measures Knorr-Bremse concludes agreement with climate protection organization atmosfair gGmbH to offset 40,000 tonnes of CO2 per year Knorr-Bremse , is driving forward its climate action measures in the context of its new Climate Strategy 2030. By setting its climate goals, Knorr-Bremse is contributing to the Paris Climate Agreement to limit global heating to 1.5 degrees and aiming to halve its CO2 emissions by 2030. This 50 percent reduction is to be achieved through energy efficiency measures and the own-generation and purchase of renewable energy. In addition, Knorr-Bremse has pledged to make its own sites carbon neutral from 2021 onwards. To do so, the Group is to maximize its sourcing of energy from renewables, while residual, unavoidable emissions are to be offset by means of high-quality climate protection certificates. For the purpose of offsetting, Knorr-Bremse has signed a cooperation agreement with climate protection organization atmosfair gGmbH.
Urban mobility: Knorr-Bremse wins major order to equip up to 254 Stadler subway cars for Atlanta’s public transport
Knorr-Bremse and Stadler US Inc. have concluded a major equipment order for 254 metro rail cars for Atlanta’s public transport operator, MARTA (Metropolitan Atlanta Rapid Transit Authority), including an option for an additional 100 cars The long-term contract, valued at a lower double-digit million-euro sum, runs from the beginning of Q1 2022 through 2028. Knorr Brake Company (KBC), the U.S. passenger rail subsidiary of Knorr-Bremse, will deliver the braking systems to Stadler US Inc. The trains will operate the entire MARTA railway network and chiefly contribute to offering advanced, state-of-the-art, quick and reliable urban transport for the roughly 5.8 million inhabitants of the U.S. State of Georgia’s capital Knorr-Bremse will be equipping the city of Atlanta’s new railway fleet for the Swiss train manufacturer Stadler’s U.S. subsidiary. According to the long-term contract, Knorr-Bremse’s U.S. passenger rail subsidiary, Knorr Brake Company LLC (KBC), will supply braking systems valued in the lower double-digit million euro range. The project is KBC’s first order for braking systems with major operator MARTA, further strengthening its market position in the North American urban rail segment.
Family foundation ensures continuity and future success of Knorr-Bremse
The Thiele family will continue to ensure the continuity and success of Knorr-Bremse through a foundation as its most important anchor shareholder. Under the terms of Heinz Hermann Thiele's will, the majority stake in the company (59%) held via holding companies will in future be transferred to a family foundation. Another major shareholder in the holding companies continues to be Thiele's daughter Julia Thiele-Schürhoff. The Thiele family will thus continue to be closely associated with Knorr-Bremse.