Knorr Brake Holding Corpo­ra­tion, a subsi­diary of Knorr-Bremse AG, signed an agree­ment with a subsi­diary of Alstom S.A. on April 19, 2024 to acquire Alstom’s conven­tio­nal rail signal­ing busi­ness in North America (Alstom Signal­ing North America).

An enter­prise value of around EUR 630 million was agreed as the purchase price. This includes an amount in the mid double-digit million euro range for addi­tio­nal expec­ted project busi­ness. The closing of the tran­sac­tion is subject to custo­mary condi­ti­ons and is expec­ted in summer 2024.

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

Advi­sor Knorr-Bremse: Henge­ler Mueller

M&A: Prof. Dr. Hans-Jörg Ziegen­hain (part­ner, lead), Dr. David Negen­born, Daniel Omas­rei­ter (both asso­cia­tes, all Munich).
Corpo­rate and capi­tal markets law: Dr. Simon Patrick Link (Part­ner), Dr. Lucas Lich­ten­berg (Asso­ciate, both Munich).
Anti­trust law: Dr. Markus Röhrig (Part­ner, Brussels), Dr. Anja Balitzki (Coun­sel, Düsseldorf).
FDI: Dr. Jan Bonhage (Part­ner, Berlin).

Team Knorr-Bremse: The in-house team of Knorr-Bremse AG included Chris­tian Vornehm (Head of Service Line Legal, M&A) and Dr. Moritz Schuler (Head of Corpo­rate Office, Capi­tal Market Law).

About Henge­ler Mueller

Henge­ler Muel­ler is an inter­na­tio­nal law firm with offices in Berlin, Brussels, Düssel­dorf, Frank­furt, London and Munich. With around 320 lawy­ers, 90 of whom are part­ners, the firm specia­li­zes in provi­ding legal advice in complex tran­sac­tions, conten­tious dispu­tes and special situa­tions. Henge­ler Mueller’s clients include major commer­cial enter­pri­ses as well as leading inves­tors and family busi­nesses in Europe and worldwide.