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Hengeler Mueller advises Knorr-Bremse on the acquisition of Alstom's rail signalling technology business in North America | Hengeler Mueller News

Hengeler Mueller advises Knorr-Bremse on the acquisition of Alstom's rail signalling technology business in North America

Knorr Brake Holding Corporation, a subsidiary of Knorr-Bremse AG, has signed on 19 April 2024 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. The transaction is subject to customary conditions and is expected to close during summer 2024.

Hengeler Mueller is advising Knorr-Bremse on the transaction in an integrated team with US law firm Hughes Hubbard & Reed (partner Gerold Niggemann, M&A).

Hengeler Mueller team for Knorr-Bremse

M&A: Hans-Jörg Ziegenhain (partner, lead), David Negenborn, Daniel Omasreiter (both associates, all Munich),

Corporate/ Capital Markets: Simon Patrick Link (partner), Lucas Lichtenberg (associate, both Munich),

Antitrust: Markus Röhrig (partner, Brussels), Anja Balitzki (counsel, Dusseldorf),

FDI: Jan Bonhage (partner, Berlin).

Team Knorr-Bremse

The in-house team at Knorr-Bremse comprised Christian Vornehm (Head of Service Line Legal, M&A) and Moritz Schuler (Head of Corporate Office, Capital Markets).

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