HomeBusinessKnorr-Bremse buys minority stake in Railnova

Knorr-Bremse buys minority stake in Railnova

WEEKLY NEWSLETTER SIGN UP

Railnova, the Belgian supplier of railway telematics solutions and maintenance workflow software to the railway industry, has agreed the sale of a minority 32 per cent stake to German braking systems manufacturer Knorr-Bremse.

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.

Christian Sprauer of Railnova.

CEO and Railnova founder Christian Sprauer said: “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 growth-focused culture that made our success so far.”

In response, Dr Jürgen Wilder, the board member of Knorr-Bremse responsible for the Rail Vehicle Systems division, said: “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.

“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 employs around 30 people at its Brussels office and in Germany in hardware design, software development, data science, professional services and sales.

In contrast, Knorr-Bremse, a global market leader for braking systems and a leading supplier of other safety-critical rail and commercial vehicle systems, has about 28,500 employees at over 100 sites in more than 30 countries.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest news

RAIB to investigate Cambridgeshire level-crossing accident

The Rail Accident Investigation Branch (RAIB) has launched an investigation into a recent incident in which a freight train struck a farm trainer in...

Railtex/Infrarail 2021 hailed a successful return to normality

The UK’s two leading rail industry trade exhibitions, Railtex and Infrarail, combined post-COVID in a welcome return to Birmingham’s NEC between 7 and 9...

Autumn Steam Gala to welcome 4953 ‘Pitchford Hall’

GWR steam locomotive 4953 ‘Pitchford Hall’ will feature at the Severn Valley Railway’s Autumn Steam Gala following a change to the lineup, taking the...
- Advertisement -

More news

Interim ORR report on Hitachi train cracks released

The Office of Rail and Road (ORR) has said in an interim review that Hitachi Class 800 and 365 trains had been affected by...

Can you “bear”-lieve it?19 teddies need reuniting with their owners!

South Western Railway (SWR) is hoping to reunite children with their beloved toy bears. In the last year, a total of 19 teddies have turned...

Second phase of Network Rail’s Network Operating Strategy gets underway

Network Rail has now launched the second part of its ten-year Network Operating Strategy, also known as Net Ops 2. The strategy recommends how to...
NEWSLETTER SIGN UP