KNORR-BREMSE AG - Swiss tech company Nexxiot, in which Knorr-Bremse holds a significant stake, is positioning itself for future success by systematically focusing on long-term plans for growth
- Following a unanimous decision by Nexxiot's Supervisory Board, Dr. Maximilian Eichhorn is Nexxiot's new CEO
Swiss asset intelligence firm Nexxiot, in which Knorr-Bremse is the largest shareholder, is making changes to its top management team. By resolution of the company's Supervisory Board, Maximilian Eichhorn - previously Vice President Digital Products and Services at Knorr-Bremse Rail Vehicle Systems - has been appointed Nexxiot's new CEO.
A seasoned rail and digital expert, Maximilian Eichhorn has a number of priorities, including optimization of the company's performance, further development of its corporate culture, and intensified focus on customers in the rail and maritime industries. Other priorities include working closely with Knorr-Bremse on the development of market-ready digital solutions aimed at the rail sector, and expanding Nexxiot's business in smart technologies for maritime freight and container logistics.
Dr. Nicolas Lange, Member of the Executive Board of Knorr-Bremse AG with global responsibility for the Rail division, commented: "As part of our growth strategy, Knorr-Bremse aims to make the most of opportunities to further expand our rail business in all areas of activity. We believe digital innovations in particular, such as the data and cloud solutions proposed by Nexxiot, have enormous potential. This is why, as the largest shareholder, we support Nexxiot's ongoing strategic development and the associated personnel and organizational changes. By making these changes, Nexxiot is investing in its development expertise and business success, and in growing as close as possible to its customers. At the same time, they also represent an important, logical step in Nexxiot's plans for future growth."
Dr. Maximilian Eichhorn, Nexxiot's new CEO, responded: "Nexxiot has a clear vision - to make international freight transportation by rail and sea safer, cleaner and more efficient by means of intelligent technology. At the same time, Nexxiot has reached a key phase in its development; the decisions we take now will determine the company's future. As the new CEO, I would like to thank the Supervisory Board for the trust they have placed in me. Together with the great team at Nexxiot, I look forward to tackling the challenges that lie ahead. Among other things, we aim to strengthen our relationships with our customers in the global rail and maritime industries by building strong, long-term partnerships. We also aim to drive forward the development of our high-quality products, further improve our culture of collaboration, and enhance our performance by focusing on sustainable measures."
In spring 2022, Knorr-Bremse acquired a strategic stake in Nexxiot. Since then, the company has become Nexxiot's largest shareholder. At the time of the initial investment, the two companies signed a comprehensive cooperation agreement covering the development of intelligent, connected solutions for the rail industry; this close collaboration has already enabled the partners to achieve groundbreaking milestones. Among other things, the two companies have presented asmart suite of products for digital trainsthat will enable rail operators to optimize their vehicle utilization, fleet operations and maintenance by taking advantage of intelligent data insights. In turn, this will boost train availability and reliability. Nexxiot employs around 120 people worldwide, most of whom work in Switzerland, the USA and the Nordic countries.
Knorr-Bremse (ISIN: DE000KBX1006, ticker symbol: KBX)is the global market and technology leader for braking systems and a leading supplier of other rail and commercial vehicle systems. Knorr-Bremse's products make a decisive contribution to greater safety and energy efficiency on rail tracks and roads around the world. 33,000 employees at over 100 locations in approximately 30 countries develop and produce innovative solutions and services that meet the highest technological standards. In 2023, Knorr-Bremse's two divisions together generated revenues of approximately € 7.9 billion. For almost 120 years, the company has been at the cutting edge of its industries, driving innovation in mobility and transportation technologies with a leading 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.
Nexxiot's mission is to enable the autonomous movement of freight. This empowers clients to achieve their growth and sustainability goals with existing assets and infrastructure. Nexxiot's Asset Intelligence technology enables railcars and shipping containers to be connected agents which can make autonomous decisions based on supply chain objectives and strategy. This ensures more efficient, environmentally friendly, and safer movements of freight. For more information on Nexxiot, visit www.nexxiot.com
Attachments
- Original Link
- Permalink
Disclaimer
Knorr-Bremse AG published this content on 10 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 June 2024 13:47:08 UTC.
