Announced
Completed
Synopsis
Knorr-Bremse, a manufacturer of braking systems and a leading supplier of safety-critical sub-systems for rail and commercial, completed the acquisition of Westcode, a train technologies company, from Unipart Rail, a rail industry company. Financial terms were not disclosed. “RailServices is – alongside the provision of new equipment for trains – another major component of our business strategy and a long-term revenue generator that’s showing steady growth. As a reliable partner, we’re constantly seeking to expand the range of services we offer our customers – in key areas such as maintenance and repair, for example – so we can cover the entire train life cycle. In this respect, our acquisition of Westcode offers us great opportunities to expand our business and strengthen our local presence,” Mario Beinert, Knorr-Bremse Director.
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