Knorr-Bremse invests in Belgian start-up Railnova to accelerate railway digital transformation

2019-06-03 11:35:36
Summary:Knorr-Bremse, the global market leader for braking systems and a leading supplier of other rail and commercial ve...
Knorr-Bremse, the global market leader for braking systems and a leading supplier of other rail and commercial vehicle subsystems, signed an agreement to acquire a minority stake of 32% in Railnova SA, Belgium. Railnova is the leading supplier of railway telematics solutions and maintenance workflow software to the railway industry. By this investment Knorr-Bremse reinforces its strategy for digitalization and data-driven business solutions for rail applications.
“Railnova is the innovation and technology leader in digital solutions for enhanced maintenance in the railway industry. The experienced management team around Christian Sprauer has strong capabilities and proven experience on delivering customer-oriented solutions. Railnova’s telematics and maintenance workflow solutions improves asset availability and perfectly fits Knorr-Bremse’s innovation culture to create market-leading solutions for the digitalization of trains,” says Dr. Jürgen Wilder, Member of the Executive Board of Knorr-Bremse AG and responsible for the Rail Vehicle Systems division. “With more than 1,500 installed units and a fast growing demand for their products their business model is market-proven – we are very happy to support Railnova’s further growth.”
Railnova founder and CEO Christian Sprauer says: “We are proud to have Knorr-Bremse, a global player with its strong tradition of entrepreneurship and innovation, as an investor and partner. After eight years of self-funded growth, this investment comes as the best validation for our long term customers and for Railnova. Knorr-Bremse’s trust in Railnova will foster our market reach and accelerate growth while keeping our customer-oriented and growthfocused culture that made our success so far.”

Founded in 2010, Railnova’s objective is to connect trains to simplify daily lives of railway professionals in an industry where digitalization and process automation is key to profitability. With its train monitoring and maintenance management technology that fits on any train, Railnova offers digital fleet management solutions for operators, lessors, maintainers and manufacturers.
About Railnova
Railnova is a technology company that provides both telematics solutions and maintenance workflow software to the railway industry. With 1,500 locomotive-driven trains connected or under deployment, Railnova is ideally positioned to serve the digitization of the rolling stock service market worldwide. Railnova’s patent pending edge processing device, the Railster™, safely captures, processes and transmits train available information, and the Railfleet™ software suite delivers insights on customer Railnova's management team led by Founder CEO Christian Sprauer is committed to achieve superior innovation and client satisfaction. Railnova employs around 30 people at its Brussels office and in Germany in hardware design, software development, data science, professional services and sales. More information:
Knorr-Bremse (ISIN: DE000KBX1006, Tickersymbol: KBX) is the global market leader for braking systems and a leading supplier of other safety-critical rail and commercial vehicle systems. KnorrBremse’s products make a decisive contribution to greater safety and energy efficiency on rail tracks and roads around the world. About 28,500 employees at over 100 sites in more than 30 countries use their competence and motivation to satisfy customers worldwide with products and services. In 2018, Knorr-Bremse’s two divisions together generated revenues of EUR 6.6 billion. For more than 114 years the company has been the industry innovator, driving innovation in mobility and transportation technologies with an edge in connected system solutions. Knorr-Bremse is one of Germany’s most successful industrial companies and profits from the key global megatrends: Urbanization, ecoefficiency, digitization and automated driving.

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