Knorr-Bremse Group likely to buy Escorts Kubota business

12 Oct 2023 CW Team

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.

Infrastructure Energy

24 Sep 2025

NTPC Explores Global Uranium Assets to Boost Nuclear Power Projects

Currently, nuclear energy contributes 2% (8,180 MW) of India’s total installed capacity (4,75,212 MW).NTPC nuclear projects, Uranium acquisitions India, Clean energy India, Mahi Banswara Nuclear Project, ANEEL fuel collaboration Low-carbon powerIndia’s largest power producer, NTPC Limited, is strengthening its focus on clean energy by exploring nuclear power opportunities. The company is evaluating overseas uranium acquisitions to secure fuel for upcoming nuclear plants, marking a significant step in its transition from conventional coal-based operations.Strategic Shift Toward NuclearFound..

GoAP and VPA Sign MoU to Establish National Mega Shipbuilding Cluster

In a major step towards making India one of the world’s top five shipbuilding nations by 2047, the Government of Andhra Pradesh (GoAP) and the Visakhapatnam Port Authority (VPA), under the Ministry of Ports, Shipping and Waterways (MoPSW), have signed a Memorandum of Understanding (MoU) to establish the National Mega Shipbuilding Cluster at Duggirajapatnam, Andhra Pradesh. The MoU was signed during Prime Minister Narendra Modi’s recent event on transforming the maritime sector in Bhavnagar.Project OverviewThe initiative aims to provide globally competitive shipbuilding infrastructure and f..

Scan Global Logistics Enters India with Offices in Chennai, Delhi, and Mumbai

Danish logistics operator Scan Global Logistics (SGL) has announced its entry into the Indian market, opening offices in Chennai, Delhi, and Mumbai. The Mumbai office will serve as SGL’s local headquarters.SGL aims to support both multinational companies operating in India and Indian firms expanding internationally. Leveraging its local expertise and global network, SGL India will offer a comprehensive suite of logistics solutions, including specialised services in project logistics and humanitarian logistics.News source: PTI ..