Hughes Hubbard Advises on Knorr-Bremse's Acquisition of North American Rail Signaling Business from Alstom

New York, April 19, 2024 – Hughes Hubbard is advising Knorr-Bremse AG, the global market leader for braking systems and a leading provider of other rail and commercial vehicle systems, in its approx. €630 million acquisition of the North American conventional rail signaling business of Alstom. With the acquisition, Knorr-Bremse will enter into the highly attractive control, command and signaling (CCS) segment of the rail market. Alstom Signaling is currently the leading company in North America’s conventional CCS market.

Knorr-Bremse (ISIN: DE000KBX1006, ticker symbol: KBX) is the global market and technology leader for braking systems and a leading supplier of other rail and commercial vehicle systems. The company’s products make a decisive contribution to greater safety and energy efficiency on rail tracks and roads around the world.

Gerold Niggemann leads the Hughes Hubbard team with primary assistance from Devon Pope and significant assistance from Philip Giordano, Kristin Millay, Erin DeCecchis and Carol Remy. Other members of the team include Bill Beausoleil, Andy Braiterman, Erin Diers, Michael Traube, Sean Reilly, Justin Cohen, Radina Angelova, Daniel Chan and Anders Seah.

Hughes Hubbard is advising Knorr-Bremse on the transaction together with a Hengeler Mueller team led by Hans-Jörg Ziegenhain.

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About Hughes Hubbard
Hughes Hubbard & Reed LLP is a New York City-based international law firm with a relentless focus on providing quality service to our clients and delivering successful results in the most complex matters. With a powerful combination of scale and agility, we offer clients innovative and effective solutions, while remaining flexible to adapt to their needs and market developments. Known for a collaborative culture, as well as our diversity and pro bono achievements, Hughes Hubbard has a distinguished history dating back more than a century. For more information, visit hugheshubbard.com.