Knorr-Bremse has acquired DSB Component Workshops from Danish state rail operator DSB for a purchase price of EUR 50 million. This transaction allows Knorr-Bremse to expand its position as a systems partner for top-notch aftermarket solutions, highly reliable maintenance and innovative services for rail vehicle systems in the Nordics.
“As Denmark’s prime rail operator, ensuring that our fleets are fully functional so we can offer well-paced rail mobility to our passengers is our top priority. With high-end rail services being a key factor in keeping our installed fleet moving, we are very happy to have reached an acquisition agreement for DSB Component Workshops with Knorr-Bremse,” Flemming Jensen, CEO at DSB, said.
The Danish company is responsible for overhauls, repairs and the supply of parts and components for subsystems for trains, coaches and locomotives.
Following this acquisition, Knorr-Bremse will integrate the company and its 400 full-time employees working at five sites in Arhus and Copenhagen into its international RailServices setup. Through the acquisition, Knorr-Bremse will be able to incorporate DSB Component Workshops’ expertise, also in the area of logistics, into its international service strategy for rail vehicles, including high-end aftermarket solutions and innovative services.
In addition, Knorr-Bremse will benefit from DSB Component Workshops’ long-term supply agreements with Danish state operator DSB. In the context of increasingly deregulated rail markets in the Nordics, the acquisition also gives Knorr-Bremse the opportunity to reach out to other train operating and rolling-stock companies in northern Continental Europe, including Sweden and Norway, with fleets only a few hours away from the DSB Component Workshops hubs in Denmark.
Recently, Knorr-Bremse was awarded a contract to equip the Coradia Stream fleet for DSB until 2025. The new trains are manufactured by Alstom which won a EUR 2.6 billion contract for the supply of 100 trains to the Danish rail operator.
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