Knorr-Bremse has become a new customer and strategic investor of Nexxiot.
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 the systems it produces, proactively driving digital connectivity into its railroad customer base.
By 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.
Knorr-Bremse also became a strategic minority investor in Nexxiot. Leading investment management firm QVIDTVM, led by Burak Alici, 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," said 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."
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.
Knorr-Bremse will deploy the Nexxiot Globehopper LINK device that detects the status of some of the most crucial parts of a railcar, including doors and brakes, and sends the data to the cloud. Nexxiot processes this data using algorithms and big data analytics to create new business intelligence and data driven services for all stakeholders across the value network.
This IoT technology will allow operators to automate critical business processes and gain new insights to drive a step change in efficiency, sustainability, customer service and profitability. Train parts that have not been monitored in real time become digitally visible and accessible.
"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," said 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."
