Alstom has completed the $690m sale of its North American conventional signalling business to Knorr-Bremse in the final step of its 2023 company action plan to reinforce its balance sheet.

Completion of the sale comes after an initial binding agreement was signed in April 2024and marks Knorr-Bremse’s first entry into the continent’s signalling market as part of its BOOST 2026 strategy.

Knorr-Bremse CEO Marc Llistosella said: “Our entry into the North American signalling market is an outstanding example of Knorr-Bremse’s drive to create even greater value as we further develop our portfolio by entering new, highly promising areas of business.

“The acquisition also contributes to another strategic objective: to further enhance the Rail side of Knorr-Bremse’s business activities.”

The acquisition includes all products, services and manufacturing operations of Alstom Signalling North America and the transfer of 800 employees to KB Signalling, Knorr-Bremse’s new signalling business unit.

The German company said the deal meant the new business was “already well positioned” in the signalling market and would further expand this position by folding in Knorr-Bremse’s existing activities in the European market and offering new Control, Command and Signalling solutions.