Source: Nexxiot announcement

MUNICH and ZÜRICH, May 31, 2022 — 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 systems it produces, proactively driving digital connectivity into its vast railroad customer base.

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 become one of the most innovative rail suppliers, delivering compelling new insights and digital services to its customers.

Knorr-Bremse delivers more than 120,000 relevant, connectable new rail assets (e.g., braking systems) annually and maintains more than 100,000 relevant, existing assets.

Knorr-Bremse becomes a strategic minority investor in Nexxiot. Leading investment management firm Qvidtvm, led by Burak Alic, 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 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.

This IoT technology will allow operators to automate critical operations and gain a myriad of new insights to drive a step change in efficiency, sustainability, customer service and profitability.

“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.”