Knorr-Bremse AG entered into a binding agreement to acquire North American conventional signalling business from Alstom SA for approximately ?630 million.

Knorr-Bremse AG (XTRA:KBX) entered into a binding agreement to acquire North American conventional signalling business from Alstom SA (ENXTPA:ALO) for approximately ?630 million on April 19, 2024. Alstom will continue to serve the North American signalling market on different segments, notably with Communications Based Train Control (CBTC) and European Train Control System (ETCS) solutions. Closing of the transaction is only subject to customary conditions, including regulatory approval, and is expected to take place as soon as Summer 2024.

Crédit Agricole Corporate and Investment Bank Société Anonyme act as financial advisor, White & Case LLP (Paris) act as legal advisor, Accuracy SAS act as financial du diligence provider, Cleary Gottlieb Steen & Hamilton LLP as antitrust advisor for Alstom SA (ENXTPA:ALO).