Rail systems supplier Knorr-Bremse named new Nexxiot client and investor

Munich, Germany & Zurich, Switzerland. 31 May 2022 – Nexxiot, announced Knorr-Bremse, the global specialist in braking systems and other rail and commercial vehicle systems, as a new customer and strategic investor. In a CHF76 million deal that will shape the future of rail transportation, 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 vast 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, optimised lifecycle costs and greater operational efficiency. The company will also further strengthen its position as one of the most innovative rail suppliers, delivering compelling new insights and digital services to its customers.

Knorr-Bremse becomes a strategic minority investor in Nexxiot. 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 digitalisation to leverage our already strong position in safety and mission-critical rail vehicle systems, and to generate further growth and strong profitability,” explains Dr. Jurgen 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.”

Global rail freight activity has steadily increased over the past 20 years, but the rail freight industry lacks the real-time visibility and data needed to accelerate optimisation. Of the five million rail cars globally only approximately 8% are digitised, representing a massive IoT retrofitting and digitisation opportunity for the industry. 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 proprietary 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 myriad 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 supplier of rail vehicle systems, will help us build the products and services for the industry. Together, we aim to accelerate the digitalisation 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,” adds 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.”

Cross-modal IoT deployment

Nexxiot is reportedly becoming a dominant IoT provider in the multi-modal global freight transport market. On April 26, 2022, Nexxiot announced another major deal with Hapag-Lloyd, a top five ocean carrier, to equip a significant share of the company’s 3 million TEU ocean container fleet with Nexxiot’s technology. The combination of the deals with Hapag-Lloyd and Knorr-Bremse represent the world’s largest cross-modal IoT deployment for the Maritime and Rail industry to date.

This promises unprecedented visibility into the location and status of cargo as it moves through the global supply chain and brings the innovation required to counteract current global supply chain pressures. Nexxiot is a provider of IoT technology for railcars, with over 200,000 connected vehicles in Europe alone, representing more than 25% of European fleets. Nexxiot expects to digitalise more than 2 million railcars and intermodal containers globally by 2024.

Comment on this article below or via Twitter: @IoTNow_OR @jcIoTnow

RECENT ARTICLES

Ospitek, BEST Health System partner to improve the outpatient surgical experience with IoT, AI

Posted on: December 6, 2022

OSPITEK INC., the developer of the proprietary Digital Health platform VIEW, has partnered with Ohio’s BEST Health System to implement the VIEW software platform in BEST’s outpatient surgical centres. The VIEW platform is a cloud-based software and IoT enhanced, Ambulatory Surgery Centre (ASC) management and communication platform, designed for rapid adoption to compliment legacy EHR

Read more

KORE collaborates with Google Cloud to deliver IoT solutions

Posted on: December 6, 2022

KORE, a global specialist in Internet of Things (IoT) Solutions and worldwide IoT Connectivity-as-a-Service (IoT CaaS) has announced that it has established a go to market alliance with Google Cloud to bring IoT capabilities to global businesses.

Read more
FEATURED IoT STORIES

The IoT Adoption Boom – Everything You Need to Know

Posted on: September 28, 2022

In an age when we seem to go through technology boom after technology boom, it’s hard to imagine one sticking out. However, IoT adoption, or the Internet of Things adoption, is leading the charge to dominate the next decade’s discussion around business IT. Below, we’ll discuss the current boom, what’s driving it, where it’s going,

Read more

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, home automation using iot is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more

5 challenges still facing the Internet of Things

Posted on: June 3, 2020

The Internet of Things (IoT) has quickly become a huge part of how people live, communicate and do business. All around the world, web-enabled devices are turning our world into a more switched-on place to live.

Read more

What is IoT?

Posted on: July 7, 2019

What is IoT Data as a new oil IoT connectivity What is IoT video So what’s IoT? The phrase ‘Internet of Things’ (IoT) is officially everywhere. It constantly shows up in my Google news feed, the weekend tech supplements are waxing lyrical about it and the volume of marketing emails I receive advertising ‘smart, connected

Read more