Knorr-Bremse acquires Selectron Systems
Published: Tue, 2015-01-13 12:00Germany’s Knorr-Bremse on 19 December 2014 signed an agreement to acquire Switzerland based Selectron Systems.
The acquisition will enable Knorr-Bremse to expand its product portfolio to include components and solutions for the automation of rail vehicles.
“Selectron Systems will continue to offer its established, successful range of systems, products, and services in the marketplace and will be strengthening and expanding this range through further innovations,” according to the company report.
The acquisition is subject to approval from antitrust authorities.