Knorr-Bremse

History

2023: Transcomponent bought Knorr-Bremse's Russian brake systems assets

Holding Transcomponent acquired Russian assets for the production of brake systems for the rail transport company Knorr-Bremse. This was announced on September 29, 2023. "Businessman

The assets will be part of the KSK group of companies, which is part of Transcomponent and is engaged in the production of various equipment for transport engineering enterprises. Experts estimate the amount of the transaction at 4.5 - 5 billion rubles. The general director of Infoline-Analytics, Mikhail Burmistrov, calls the fair value of the assets participating in the transaction at 10 billion rubles, also noting that, taking into account the discount, it most likely amounted to 4.5-5 billion.

Transcomponent Holding acquired Russian assets for the production of braking systems for rail transport by Knorr-Bremse

The assessment of the realized assets and production base can be very, very approximate, since we are talking about a sale due to sanctions pressure, but in general, I believe that due to the speed of the decisions made, the sale could have been carried out at a certain discount, says Ilya Zharskaya, managing partner of the Veta Expert Group.

Key Systems and Components was acquired by Knorr-Bremze Holding LLC for CIS rail transport systems (Moscow) and Knorr-Bremze 1520 LLC (Leningrad Region). The acquired plant in the Leningrad Region will become a key asset for the Brake Equipment division created in the fall of 2022.

From a legal point of view, the owner of Russian subsidiaries Knorr-Bremse is now Transport Components Holding LLC. Thus, Holding Transcomponent became the sole owner of the enterprise producing brake systems for rail transport.

The head of the Brake Equipment division, Ilya Germanenko, who joined the holding after eight years of leading the Knorr-Bremse railway subsidiary in Russia, calls the main tasks of the new companies to preserve the processes already built, localize production, repair the brake equipment supplied by the enterprise and master the production of new products.^[1]

Notes