AVELLUM secures merger control clearance for acquisition of control over Alstom Signaling Inc.

AVELLUM advised Knorr-Bremse AG, the global market leader for braking systems and a leading provider of rail and commercial vehicle systems, on obtaining merger control clearance from the Antimonopoly Committee of Ukraine for its subsidiary Knorr Brake Holding Corporation to acquire control over Alstom Signaling Inc., a conventional rail signalling technology business in North America.

The transaction was valued at approximately EUR630 million. This acquisition will allow Knorr-Bremse AG to enter the highly attractive control, command, and signalling (CCS) segment of the rail market, where Alstom Signaling Inc. is currently a leading company in North America’s conventional CCS market.

Mykyta Nota, partner and head of AVELLUM’s competition practice, says: “We are proud to serve as a trusted adviser on the deal of significant strategic importance for our client. Our team’s expertise in complex cross-border transactions ensured a smooth merger clearance process.”

AVELLUM’s team was led by partner and head of competition practice Mykyta Nota, with significant support from managing associate Olha Samoilenko and associate Veronika Humeniuk.