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Together with Knorr-Bremse on to New Destinations

After the "closing" of share transfers – that is, the legally binding implementation of all agreed contractual points – both parties started work on the post-merger integration, or "PMI." All topics included within the program, which is divided into several projects, ensure that Selectron:

  • Can rapidly integrate into the Knorr-Bremse Group, but…
  • have the necessary scope to remain flexible and successful, and also…
  • quickly identify synergies and any complementing areas together with Knorr-Bremse
Together with Knorr-Bremse on to New Destinationszoom
 

The PMI project consists of those Selectron employees responsible for their area, together with their opposite number from our new owners.

From the start, it became noticeable to everyone involved: expectations are high, indeed, from both sides. Selectron expects access to previously untapped markets and customers; Knorr-Bremse expects optimal integration of Selectron's TCMS solution into the Knorr-Bremse product range. Additionally, it must be ensured that our figures – serving as the basis of the business case – are achieved.

Executives from both organizations agree that Selectron should retain the best possible degree of freedom to continue to succeed in the market. Therefore, for the first phase, the main focus was on integration of service processes. The aim was to ensure that the minimum financial figures could be correctly recorded in the
Knorr- Bremse system within the first month. Once again, Selectron could display an impressive performance through efficiency and flexibility – and can be proud of the fastest-ever financial integration within the group. At the same time, IT integration was tackled. By the end of the third quarter, it is planned to merge networks, achieving additional efficiency. For the time being, Selectron will not introduce any new ERP, but primarily focus on the needs of the customer.

In addition to these internal processes, intensive talks are underway to coordinate strategy of product development and also to mesh portfolios within the various companies of the Knorr-Bremse. Collaboration is marked with a high intensity, with all involved working highly motivated to convert the benefits arising from the two strong companies into customer benefit. According to our planning, to notice the desired effects still requires some time – but we are well on the way.

At Selectron, customers remain unchanged at the center of the events and, as a result, we have been strong; together with our colleagues of the Knorr-Bremse, we'll be even stronger!

 

Subject to technical changes and amendments to technical specifications at any time.

 
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