Knorr-Bremse Group likely to buy Escorts Kubota business

01 Oct 2023

In a forthcoming development, Germany's leading rail technology provider, Knorr-Bremse Group, is poised to acquire the railway business of Escorts Kubota. Sources with knowledge of the matter suggest that the deal is on the verge of being officially announced in the coming days.

Escorts Kubota's railway business, a prominent player in the industry, is anticipated to fetch a substantial sum of over Rs 4,000 crore, according to insiders familiar with the transaction.

Knorr-Bremse is renowned for its expertise in manufacturing braking and safety-critical sub-systems for railways and commercial vehicles. This strategic move signifies a significant expansion of Knorr-Bremse's presence in the railway sector. Notably, both Knorr-Bremse and Escorts Kubota are key suppliers to the Indian Railways, and this acquisition is expected to strengthen their contributions to India's vital rail network.

The deal reflects the growing importance of rail technology and safety in India's transportation landscape and further underscores the global interest and investment in the country's expanding rail infrastructure.