Knorr-Bremse and existing shareholders led by
QVIDTVM invest a combined CHF 76
million
Nexxiot's solutions to help drive
digitalization of market-leading rail supplier Knorr-Bremse's
systems and solutions by capturing real-time data and generating
insights to drive forward digital products and services for the
passenger and freight train markets
MUNICH and ZÜRICH, May 31, 2022
/PRNewswire/ -- Nexxiot, the global TradeTech pioneer, today
announced Knorr-Bremse, the global market leader for braking
systems and other rail and commercial vehicle systems, as a new
customer and strategic investor. In a major deal that will shape
the future of rail transportation, Knorr-Bremse and its North
American subsidiaries New York Air Brake and Knorr Brake Company
will integrate Nexxiot's IoT hardware and software into its future
rail products and the systems it produces, proactively driving
digital connectivity into its vast railroad customer base. By
connecting Knorr-Bremse's rail brakes, doors, HVAC, sanitary and
other systems with Nexxiot's digital ecosystem, Knorr-Bremse's
customers will benefit from increased vehicle availability,
optimized lifecycle costs and greater operational efficiency. The
company will also further strengthen its position as one of the
most innovative rail suppliers, delivering compelling new insights
and digital services to its customers.
Knorr-Bremse becomes a strategic minority investor in Nexxiot.
Leading investment management firm QVIDTVM, led by Burak Alici, and existing shareholders have
topped their investment.
"As a core element in our strategy, we're using digitalization
to leverage our already strong position in safety- and
mission-critical rail vehicle systems, and to generate further
growth and strong profitability," explains Dr. Jürgen Wilder,
Member of the Executive Board of Knorr-Bremse AG and responsible
for the Rail Vehicle Systems division. "Together with Nexxiot's
dedicated team, we're now pressing ahead with our ambition to add
further value for our customers. By combining our systems
technology with Nexxiot's digital ecosystem, we're creating a
win-win scenario that will boost vehicle availability and lower the
total cost of fleet ownership by leveraging a new generation of
data-based services."
Global rail freight activity has steadily increased over the
past 20 years, but the rail freight industry lacks the real-time
visibility and data needed to accelerate optimization. Of the five
million rail cars globally only approximately eight percent are
digitized, representing a massive IoT retrofitting and digitization
opportunity for the industry. Based on the real-time analysis of
rail data in Nexxiot's ecosystem, Knorr-Bremse will be able to
precisely project systems' state of health and maintenance needs.
In effect, clients will be able to service their fleets more
proactively and cost-efficiently by taking advantage of
Condition-Based and Predictive Maintenance.
Knorr-Bremse will deploy the Nexxiot Globehopper
LINK device that detects the status of some of the most
crucial parts of a railcar, including doors and brakes, and sends
the data to the cloud. Nexxiot processes this data using
proprietary algorithms and Big Data analytics to create new
business intelligence and data driven services for all stakeholders
across the value network.
This IoT technology will allow operators to automate critical
business processes and gain myriad new insights to drive a step
change in efficiency, sustainability, customer service and
profitability. Train parts that have not been monitored in
real-time become digitally visible and accessible.
"This partnership with Knorr-Bremse, a leading supplier of rail
vehicle systems, will help us build the best products and services
for the industry. Together, we aim to accelerate the digitalization
of key areas like rail freight and automation services. At the same
time, we'll also be able to speed up our own expansion in the rail
industry and continue our strong growth," adds Stefan Kalmund, CEO
of Nexxiot. "Specifically, our sensors and scalable cloud-based
platform help turn rolling stock assets into connected,
data-generating industrial objects. Leveraging rail data in
real-time will be a key success factor in helping make rail and
rail services fit for the future."
Nexxiot Leading in Cross-Modal IoT Deployment and Global
Freight Visibility
Nexxiot is becoming a dominant IoT
provider in the multi-modal global freight transport market. On
April 26, 2022, Nexxiot announced
another major deal with Hapag-Lloyd, a top five ocean carrier, to
equip a significant share of the company's 3 million TEU ocean
container fleet with Nexxiot's technology. The combination of the
deals with Hapag-Lloyd and Knorr-Bremse represent the world's
largest cross-modal IoT deployment for the Maritime and Rail
industry to date. This promises unprecedented visibility into the
location and status of cargo as it moves through the global supply
chain and brings the innovation required to counteract current
global supply chain pressures. Nexxiot is a leading provider of IoT
technology for railcars, with over 200,000 connected vehicles in
Europe alone, representing more
than 25% of European fleets. Nexxiot expects to digitalize more
than 2 million railcars and intermodal containers globally by 2024.
About Nexxiot:
Nexxiot is a TradeTech pioneer with a
mission to enable easier, safer, and cleaner transportation for all
stakeholders in the global supply chain.
Nexxiot's IoT hardware, software and analytics create
transparency to improve efficiency and preserve value across supply
networks. The technology mitigates risks to people, infrastructure
and cargo and reduces emissions and waste.
The company empowers carriers, cargo owners and other
transportation participants to monitor the location, status and
conditions of their assets and cargo in real-time, anywhere in the
world. Sophisticated Big Data analytics delivers business
intelligence at scale to drive efficiency, process automation and
achieve sustainability targets.
Headquartered in Zurich,
Nexxiot operates throughout Europe
and the U.S., with an international team of employees from 28
countries. For more information, visit www.nexxiot.com.
About Knorr-Bremse
Knorr-Bremse (ISIN: DE000KBX1006,
ticker symbol: KBX) is the global market leader for braking
systems and other systems for rail and commercial vehicles.
Knorr-Bremse's products make a decisive contribution to greater
safety and energy efficiency on rail tracks and roads around the
world. About 30,500 employees at over 100 sites in more than 30
countries use their competence and motivation to satisfy customers
worldwide with products and services. In 2021, Knorr-Bremse's two
divisions together generated revenues of EUR
6.7 billion. For more than 115 years the company has been
the industry innovator, driving developments in mobility and
transportation technologies with an edge in connected system
solutions. Knorr-Bremse is one of Germany's most successful industrial companies
and profits from the key global megatrends: Urbanization,
Sustainability, Digitalization and Mobility.
Press contact:
Nexxiot
Nick Fryer, for North America
nick.fryer@finnpartners.com
Felix Zimmermann for Europe
Felix.zimmermann@mar-berlin.de
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SOURCE Nexxiot