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Cologne Public Transport Authority commissions Alstom and Kiepe Electric to supply 64 trams
The Cologne Public Transport Authority (Kölner Verkehrs-Betriebe AG, KVB) has signed a contract with the manufacturer consortium Alstom and Kiepe Electric for the supply of 64 low-floor trams. The order for the new Citadis type trams with special adaptations for the German market is worth 363 million euros. Alstom’s share amounts to 60% of the total value of the contract. -
Knorr-Bremse AG sees revenues, profitability, and cash flow surge in the third quarter of 2020
Business performance in the first nine months of 2020 very robust despite impact of the pandemic Robust profitability levels: EBITDA margin in the first nine months of 2020 of 17.5% compared with 18.5% in the prior-year period Free cash flow in Q3 increases almost fourfold versus Q2 2020 to EUR 181.8 million (EUR 47.5 million); at the same time, increased, selective investment in strategic, forward-looking innovation and technology projects Order intake up 3.6% and order book up 1.2% on the prior-year level again in Q3 due to strong increase in demand for commercial vehicles RVS division records 3.1% increase in the order book on the prior-year level in Q3 and widens EBITDA margin from 20.6% to 21.6% CVS division grows much faster than the market in Q3 2020 with order intake up 45.2% on the prior-year level Full-year guidance for 2020 confirmed: Revenues of EUR 5,900 million to EUR 6,200, operating EBITDA margin of 16.5% to 17.5% Knorr-Bremse AG, the global market leader for braking systems and a leading supplier of other rail and commercial vehicle subsystems, today published its results for the first nine months of 2020. -
Regional mobility: Knorr-Bremse to supply braking systems for more than 120 Alstom regional trains
Knorr-Bremse and Alstom extend contract to supply braking systems for Coradia Lint and Coradia iLint regional trains until 2025 The contract, in the low double-digit million-euro range, covers braking systems for 129 trains, with options for up to 350 more The global market leader has already supplied braking systems for more than 1,000 vehicles from the earlier Coradia Lint generation – helping to make regional transportation safer, more efficient and more available Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles, and Alstom have agreed to extend their existing framework contract for 129 Coradia Lint and Coradia iLint regional trains. Knorr-Bremse will supply KBGM-P braking systems at least until the end of 2025, thereby making an important contribution towards the continuation of the Coradia platform. -
Sustainability by rail: Knorr-Bremse drives forward solutions for even greater eco-friendliness and efficiency in rail vehicles
Trend towards sustainable mobility calls for eco-friendly, economical and attractive rail transportation Knorr-Bremse is systematically aligning its systems portfolio with the future needs of rail vehicle manufacturers, operators and passengers The global market leader is driving forward the implementation of eco-efficiency measures designed to boost rail vehicles’ energy efficiency and improve their ecological footprint Knorr-Bremse, the global market leader for braking systems and other systems for rail and commercial vehicles, is presenting a wide range of system solutions aimed at further boosting the environmental compatibility and economic efficiency of the rail sector as a key future mode of transportation – including technologies for wear-free and low-noise braking and for reducing rail vehicles’ energy consumption. -
Knorr-Bremse DETC expands capacities with a new plant and continues in-depth cooperation with Dongfeng
Knorr-Bremse DETC is building a new plant to meet the strong demand Start is scheduled for August 2021 The new integrated plant will replace three existing separate factories High-level talks with Dongfeng reached agreement on strategic cooperation on Automated Manual Transmission (AMT), Advanced Driver Assistance Systems (ADAS) and Highly Automated Driving (HAD) Knorr-Bremse DETC Commercial Vehicle Braking Technology Co., Ltd. (Knorr-Bremse DETC) recently held the groundbreaking ceremony at a 50,000 m2 site in Dongfeng Industrial Park where a new plant is to replace the company’s three separate existing factories. The aim is to expand manufacturing capacity, improve efficiency and reduce production costs with a view to strengthening cooperation with Dongfeng Commercial Vehicle. High-level talks with the new top management of Dongfeng Commercial Vehicle were held to discuss further cooperation. Knorr-Bremse DETC is a joint venture between Knorr-Bremse, the global market leader for braking systems and a leading supplier of other rail and commercial vehicle systems, and Dongfeng. -
Knorr-Bremse expands its stake in Rail Vision: Capital increase in start-up for obstacle detection and classification
Knorr-Bremse acquires an additional 19.8% of Israeli start-up Rail Vision, giving it a 36.8% stake in the company's share capital Strategic follow-on investment forms basis for continued partnership in the development and integration of electro-optic sensor systems including object detection and classification for rail vehicles Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles, has subscribed a capital increase in the Israeli company Rail Vision. Knorr-Bremse has acquired an additional 19.8% of the shares for USD 10 million. As a result, Knorr-Bremse now holds a 36.8% stake in the start-up, which specializes in sensor technology and obstacle detection based on artificial intelligence and deep learning. -
Electric power replaces diesel: Solingen public transport company invests in buses with IMC technology from Kiepe Electric
Stadtwerke Solingen (SWS) places first order for 16 emission-free 12-meter trolleybuses with IMC® technology from the Kiepe Electric and Solaris consortium New battery trolleybuses will replace diesel vehicles and also operate on sections without overhead wires Deal sends market signal for the electrification of 12-meter diesel buses serving routes under overhead wires Project to equip 16 new 12-meter trolleybuses has an order value in the high single-digit millions for Kiepe Electric In the city of Solingen, they are playing a key role in the electrification of the entire bus fleet: battery trolleybuses with In Motion Charging (IMC®) technology from Kiepe Electric, a subsidiary of Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles. A consortium between Kiepe Electric and Solaris, one of Europe's leading manufacturers of buses and trolleybuses, will supply 16 emission-free Solaris Trollino 12-metre trolleybuses with IMC® technology to Solingen's public transport authority from the end of 2021. They will replace diesel-powered buses and use battery power to cover extensive route sections without overhead wires. -
Knorr-Bremse AG boosts financial flexibility by launching new Debt Issuance Program
Volume: 3 billion euros Listed on the Regulated Market of the Luxembourg Stock Exchange Knorr-Bremse AG, the global market leader for braking systems and a leading supplier of other rail and commercial vehicle systems, is launching a new EUR 3 billion Debt Issuance Program to boost the company’s financial flexibility. The program is listed on the Regulated Market of the Luxembourg Stock Exchange, with Deutsche Bank running the book. -
Knorr-Bremse: Strong performance in first half of 2020 underscores Knorr-Bremse’s resilience
Full-year guidance for 2020 confirmed: Revenues of EUR 5,900 to EUR 6,200 million, operating EBITDA margin of 16.5% to 17.5% Business performance in the first half of 2020 impacted by the effects of the Covid-19 pandemic Revenues fall 15.2% to EUR 3,055.8 million Strong aftermarket business with stabilizing effect on earnings performance Robust profitability levels: EBITDA margin of 17.5% compared with 18.6% in the prior-year period Gross cash funds of EUR 2.3 billion ensure flexibility for operations -
"Deutschlandtakt": Knorr-Bremse to equip 30 new high-speed ICE trains
Knorr-Bremse and Siemens Mobility conclude contract to equip 30 high-speed ICE trains for Deutsche Bahn, with an option for 60 additional trains From the first quarter of 2021 until the third quarter of 2024, Knorr-Bremse will supply braking systems including eddy current brakes and entrance systems with a total order value in the mid tens of millions (EUR) to the German train manufacturer The trains will strengthen Deutsche Bahn's long-distance services between German conurbations as well as on several international routes, thus contributing to environmentally friendly mobility with high availability Knorr-Bremse, the global market leader for braking and other systems for rail and commercial vehicles, has concluded a supply contract with Siemens Mobility to equip 30 high-speed trains for Deutsche Bahn. The contract comprises braking and entrance systems and represents a total order value in the mid tens of millions (EUR). Back in 2015, Knorr-Bremse equipped 17 high-speed trains based on the Velaro platform from Siemens Mobility – operated as Intercity Express (ICE) trains in Germany. The new ICE trains will serve routes including Cologne-Frankfurt and Munich-Berlin, offering high availability throughout the Deutsche Bahn network, with a total of around 13,000 seats. They will also be approved for use in the Netherlands and Belgium.