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Retrofittable turning assistant with integrated driver assistance systems for commercial vehicles: Knorr-Bremse TruckServices and Mobileye®, an Intel company, enter into a strategic partnership
Turning assistant with integrated driver assistance systems extends product portfolio of Knorr-Bremse TruckServices Technological solution based on intelligent Mobileye® camera technology with state-of-the-art EyeQ® chips Retrofit system for existing fleets with full sales and service support of TruckServices Knorr-Bremse TruckServices, Aftermarket Specialist of Knorr-Bremse Commercial Vehicles Systems, and Mobileye, an Intel company, a leading global manufacturer of accident prevention and autonomous driving technologies, are jointly launching a retrofittable turning assistant with integrated driver assistance systems for heavy commercial vehicles. This is intended to avoid accidents, especially when turning to the right, such as at city intersections. -
Knorr-Bremse starts powerful into 2019
New record level: Order intake of EUR 1,893m leading to a record order book of EUR 4,701m (more than 8 months of revenue Dynamic Development: Strong revenue growth of 8.8% to EUR 1,755m, outperforming rail and truck markets High profitability: EBITDA margin at 19.0% compared to 18.3% in Q1 2018 Updated Guidance for fiscal year 2019: Revenues EUR 6,875m – 7,075m, EBITDA margin of 18.5% - 19.5% Knorr-Bremse AG, the global market leader for braking systems and a leading supplier of other safety-critical rail and commercial vehicle systems, today published its first quarter results of 2019. -
Knorr-Bremse invests in Belgian start-up Railnova to accelerate railway digital transformation
Knorr-Bremse acquires 32% of the shares in Railnova Knorr-Bremse strengthens its digitization strategy towards improving asset availability for the railway industry Knorr-Bremse, the global market leader for braking systems and a leading supplier of other rail and commercial vehicle subsystems, signed an agreement to acquire a minority stake of 32% in Railnova SA, Belgium. Railnova is the leading supplier of railway telematics solutions and maintenance workflow software to the railway industry. By this investment Knorr-Bremse reinforces its strategy for digitalization and data-driven business solutions for rail applications. -
Knorr-Bremse announces discontinuation of production in Wülfrath
Production to close down by 2020 Center of competence for commercial vehicle steering systems to be retained Global growth strategy in the commercial vehicle steering systems sector to continue unaffected The Executive Board of Knorr-Bremse AG decided yesterday to discontinue production of steering systems by Knorr-Bremse SteeringSystems GmbH at the Wülfrath site by 2020. -
Knorr-Bremse proposes dividend of 1.75 euros
Following a successful financial year in 2018, Knorr-Bremse will distribute over EUR 280 million to shareholders First Annual Report published in accordance with IFRS Executive Board and Supervisory Board of Knorr-Bremse AG, world market leader for brake systems and a leading supplier of other subsystems for rail and commercial vehicles, propose to the Annual General Meeting a dividend of 1.75 euros per share for the 2018 financial year. -
Change in leadership on the Executive Board of Knorr-Bremse AG
Klaus Deller leaves the company after ten years by mutual agreement Supervisory Board initiates the search for his successor Members of the Executive Board will assume the responsibilities in the interim Klaus Deller, the Chairman of the Executive Board of Knorr-Bremse AG, will leave the company on April 30 by mutual agreement. The Supervisory Board has already initiated the search for his successor. During the interim, the responsibilities of Mr. Deller will be assumed jointly by the members of the Executive Board: Ralph Heuwing, Dr. Peter Laier, and Dr. Jürgen Wilder. -
Knorr-Bremse completes acquisition of the commercial vehicle steering business of Hitachi Automotive Systems, Ltd. in Japan
Knorr-Bremse is setting a further milestone on its way to become a global supplier for CVS steering systems System solutions for driver assistance and highly automated driving Acquisition of the commercial vehicle steering business (“Integral Power Steering” (IPS) and “Advanced Hybrid Power Steering” (AHPS)) is now completed in Japan AHPS torque overlay steering technology is contributing to systems solutions for driver assistance and highly automated driving Knorr-Bremse, the global market leader for braking systems and a leading supplier of other rail and commercial vehicle subsystems, closed the acquisition that was signed December 7, 2018. The acquisition was subject to anti-trust clearance which have now been met. -
Knorr-Bremse’s New York Air Brake LLC (NYAB) Subsidiary Acquires Snyder Equipment Company, Inc.
The acquisition reinforces NYAB’s total approach to the locomotive market Snyder Equipment extends product portfolio of NYAB from technologies available through OE manufacturers to a full range of products available in the aftermarket The acquisition represents a continuation of NYAB’s strategic plan to diversify and expand its current capabilities and strong geographic reach Complete integration is expected to take 12 to 18 months New York Air Brake LLC, a North American-based subsidiary of the Knorr-Bremse Group, the global market leader for braking systems and a leading supplier of other rail and com-mercial vehicle subsystems, announced it has acquired the business assets of Snyder Equipment Company, Inc., a Nixa, Missouri-based industry-leading manufacturer of locomo-tive fueling and servicing equipment, as well as locomotive component remanufacturing. The transaction – whose terms were not disclosed – was effective March 15, 2019. -
Knorr-Bremse acquires significant share in Israeli start-up RailVision
Knorr-Bremse today acquired a 21.3% share in the Israeli start-up RailVision Strategic investment of $10 million in obstacle detection technology for rail vehicles based on video and infrared Knorr-Bremse takes a further step on its way to support systems for automated driving in the railway sector Knorr-Bremse, the global market leader for braking systems and a leading supplier of other rail and commercial vehicle subsystems, today signed an agreement to invest $10 million in RailVision, Ra’anana, Israel, in consideration of a 21.3% share of RailVision. RailVision provides obstacle detection technology for rail vehicles based on infrared and video which is a crucial technology for realizing automated driving functions. With this transaction, Knorr-Bremse pursues its objective of offering highly integrated support systems in the field of automated driving to its railway customers. -
Knorr-Bremse AG presents strong preliminary full-year 2018 numbers – guidance fully delivered – profitable growth expected to continue in 2019
Knorr-Bremse AG looks back at a successful 2018: strategic and financial objectives achieved Confident outlook 2019 despite growing economic and political risks Knorr-Bremse gained admission to Germany’s MDAX on 5 March 2019 and will enter the index on 18 March 2019 Strong revenue growth: FX-adjusted 2018 revenues grow by 10.5%. Reported revenues up 7.5% to 6,616 mEUR (PY: 6,154 mEUR). Both segments contribute: RVS +6.2%, CVS +9.3% Continued solid profitability: EBITDA and EBIT margins, adjusted for IPO cost reimbursement, at 18.0% (PY: 18.1%) and 14.9% (PY: 14,7%). Operating EBITDA and EBIT margins, eliminating disposal effects, at 18.4% and 15.6% Strong order book: Order book grows by 9.2% to 4,563 mEUR (PY: 4,177 mEUR), underscoring good medium-term prospects Guidance for fiscal year 2019: Revenues 6,800-7,000 mEUR, EBITDA margin corridor 18.0%-19.0%, assuming a stable economic and political environment The Executive Board intends to propose a dividend within the range of 40-50% of net profit, as determined by the company’s dividend policy Knorr-Bremse AG, the global market leader for braking systems and a leading supplier of safety-critical rail and commercial vehicle systems, today published its preliminary full-year 2018 results.