Public disclosure of inside information according to Article 17 of the Regulation (EU) No 596/2014

Knorr-Bremse AG / key word(s): Mergers & Acquisitions/Takeover

 

Knorr-Bremse acquires duagon Group, enhancing growth of global rail business

Munich, 25.09.2025 – Knorr-Bremse is expanding its profitable rail business internationally by acquiring the duagon Group. Headquartered in Dietikon, Switzerland, duagon is a leading global supplier of hardware and software solutions for safety-related applications primarily for rolling stock and railway signaling technology with a focus on Europe.

Therefore, duagon is a good fit with Knorr-Bremse’s existing safety-related electronics and software business. The acquisition is expected to generate significant synergies in revenues and cost.

Established in 1995, duagon employs around 750 people across eight countries. Knorr-Bremse expects that duagon will generate revenues of around Euros 175 million for 2026 with an operating EBIT margin of around 16% (excluding integration costs), which the company plans to increase further in the coming years. In addition, Knorr-Bremse expects EBIT-effective run-rate synergies of Euros 5-10 million as of 2028.

Knorr-Bremse and a subsidiary of Deutsche Beteiligungs AG (DBAG) have signed a contract with a purchase price (enterprise value) of around Euros 500 million. The price can increase moderately due to a potential performance bonus based on the achievement of predefined targets. The closing is subject to customary regulatory approvals.

The purchase price will initially be financed from available liquidity and existing credit lines.

 

Investor Relations contact:

Andreas Spitzauer | Head of Investor Relations | Knorr-Bremse AG

T +49 89 3547 182 310; E andreas.spitzauer@knorr-bremse.com

 

Media contact:

Julian Ebert | Corporate Communications | Knorr-Bremse AG 

T +49 (0)89 3547 1497; E julian.ebert@knorr-bremse.com