Train GraphicClick on the map to explore geographics
 
I need help
FAQ
Emergency
About .
Travel & transport from BBC stories as at 12:15 28 Mar 2024
* Man held over stabbing in front of train passengers
- How do I renew my UK passport and what is the 10-year rule?
- Easter travel warning as millions set to hit roads
Read about the forum [here].
Register [here] - it's free.
What do I gain from registering? [here]
 02/06/24 - Summer Timetable starts
17/08/24 - Bus to Imber
27/09/25 - 200 years of passenger trains

On this day
28th Mar (1992)
MOD Kineton tour, branch line society (*)

Train RunningCancelled
10:30 London Paddington to Weston-Super-Mare
10:41 Cardiff Central to London Paddington
11:00 Bristol Temple Meads to London Paddington
11:16 London Paddington to Cardiff Central
11:23 Weston-Super-Mare to London Paddington
11:30 London Paddington to Bristol Temple Meads
11:50 Cardiff Central to London Paddington
Additional 12:07 Bristol Temple Meads to Gloucester
12:15 London Paddington to Cardiff Central
12:17 Westbury to Swindon
12:30 London Paddington to Weston-Super-Mare
13:00 Bristol Temple Meads to London Paddington
13:15 Swindon to Westbury
13:26 Weston-Super-Mare to London Paddington
14:19 Westbury to Swindon
15:14 Swindon to Westbury
Short Run
07:10 Penzance to London Paddington
08:03 London Paddington to Penzance
09:30 Weymouth to Gloucester
10:35 London Paddington to Exeter St Davids
10:55 Paignton to London Paddington
11:12 Salisbury to Bristol Temple Meads
11:23 Portsmouth Harbour to Cardiff Central
11:41 Bristol Temple Meads to Salisbury
11:48 London Paddington to Carmarthen
12:03 London Paddington to Penzance
12:12 Salisbury to Bristol Temple Meads
13:03 London Paddington to Plymouth
13:07 Salisbury to Bristol Temple Meads
13:10 Gloucester to Weymouth
16:19 Carmarthen to London Paddington
Delayed
09:04 London Paddington to Plymouth
09:37 London Paddington to Paignton
10:04 London Paddington to Penzance
PollsOpen and recent polls
Closed 2024-03-25 Easter Escape - to where?
Abbreviation pageAcronymns and abbreviations
Stn ComparatorStation Comparator
Rail newsNews Now - live rail news feed
Site Style 1 2 3 4
Next departures • Bristol Temple MeadsBath SpaChippenhamSwindonDidcot ParkwayReadingLondon PaddingtonMelksham
Exeter St DavidsTauntonWestburyTrowbridgeBristol ParkwayCardiff CentralOxfordCheltenham SpaBirmingham New Street
March 28, 2024, 12:27:54 *
Welcome, Guest. Please login or register.

Login with username, password and session length
Forgotten your username or password? - get a reminder
Most recently liked subjects
[151] West Wiltshire Bus Changes April 2024
[85] would you like your own LIVE train station departure board?
[58] Return of the BRUTE?
[49] If not HS2 to Manchester, how will traffic be carried?
[46] Infrastructure problems in Thames Valley causing disruption el...
[36] Reversing Beeching - bring heritage and freight lines into the...
 
News: A forum for passengers ... with input from rail professionals welcomed too
 
   Home   Help Search Calendar Login Register  
Pages: [1]
  Print  
Author Topic: Knorr-Bremse aquires Railcare  (Read 13522 times)
Lee
Transport Scholar
Hero Member
******
Posts: 7519


GBR - The Emperor's New Rail Network


View Profile WWW
« on: August 27, 2013, 19:51:18 »

Knorr-Bremse has bought Railcare out of administration, and has formed a new company to incorporate its operations - http://www.railjournal.com/index.php/financial/knorr-bremse-acquires-britains-railcare.html?channel=542
Logged

Vous devez être impitoyable, parce que ces gens sont des salauds - https://looka.com/s/78722877
JayMac
Data Manager
Hero Member
******
Posts: 18894



View Profile
« Reply #1 on: August 27, 2013, 22:20:51 »

Good news. Although weren't KB negotiating a buyout of Railcare before it went to the wall? That deal fell through and Railcare folded.

What's the betting that, after that, KB got a much better price?

Some cut-throat business perhaps. Hopefully there won't be too many job losses at Wolverton and Springburn.
Logged

"Build a man a fire and he'll be warm for the rest of the day. Set a man on fire and he'll be warm for the rest of his life."

- Sir Terry Pratchett.
stuving
Transport Scholar
Hero Member
******
Posts: 7155


View Profile
« Reply #2 on: August 27, 2013, 23:00:10 »

Isn't that a bit harsh? Railcare will have had negative book value when it went into administration, and presumably KB realised that. Would you buy a company worth less than nothing? How much for? No-one is going to pay you to take it on. The available option that comes closest to that is to let it go bust, so the trade creditors pay the past debts. You can still expect to pay substantial initial losses anyway.
Logged
JayMac
Data Manager
Hero Member
******
Posts: 18894



View Profile
« Reply #3 on: August 27, 2013, 23:06:55 »

Yes, on reflection, I was perhaps being a little harsh.

However, some research online did show that KB pulled out of a deal, and some commentators pointed to this as being instrumental in Railcare entering administration.

You are right though, due dilligence may well have flagged up issues.
Logged

"Build a man a fire and he'll be warm for the rest of the day. Set a man on fire and he'll be warm for the rest of his life."

- Sir Terry Pratchett.
stuving
Transport Scholar
Hero Member
******
Posts: 7155


View Profile
« Reply #4 on: August 27, 2013, 23:19:07 »

However, some research online did show that KB pulled out of a deal, and some commentators pointed to this as being instrumental in Railcare entering administration.

That's pretty much what I meant - is that any different from saying:
"Railcare was either insolvent or heading that way, so other companies were becoming unwilling to do business with it for fear of losing money. Only the prospect of a takeover prevented it from entering administration earlier." ?
Logged
Electric train
Transport Scholar
Hero Member
******
Posts: 4355


The future is 25000 Volts AC 750V DC has its place


View Profile
« Reply #5 on: August 28, 2013, 07:04:31 »

I would think taking a concern out of receivership, whilst worrying for the employees, hopefully will make the company more sustainable any debtors had to deal with the receivers in the take over process therefore some may have been written off or revalued.
Logged

Starship just experienced what we call a rapid unscheduled disassembly, or a RUD, during ascent,”
grahame
Administrator
Hero Member
*****
Posts: 40690



View Profile WWW Email
« Reply #6 on: August 29, 2013, 10:54:00 »

Further report from http://www.freight-online.co.uk/news_and_events/content/12422/knorr-bremse_acquires_railcare_business?

Quote
Knorr-Bremse Rail Systems (UK (United Kingdom)) Limited has acquired the rail vehicle component and overhaul business of Railcare.

The acquisition sees the UK Company of the global Knorr-Bremse Group taking over the Railcare operational sites at both Springburn in Glasgow and at Wolverton near Milton Keynes.

Following the acquisition Knorr-Bremse has formed a new company called Knorr-Bremse RailServices (UK) Limited. This company now joins the three other established Knorr-Bremse Rail Group operations in the UK. Located at Melksham in Wiltshire is the UK engineering and manufacturing headquarters, at nearby Corsham is a satellite precision machining operation and at Burton-upon-Trent in Staffordshire, Knorr-Bremse operates a specialist HVAC facility.

Knorr-Bremse RailServices (UK) Limited will be fully supported by Knorr-Bremse UK but will operate as a specialist company with its own identity. The company will continue to offer customers its previous portfolio of services and remain fully focused on train maintenance and repair.

Paul Goodhand, Managing Director of Knorr-Bremse in the UK, commenting on the acquisition of Railcare said, ^We are delighted to welcome Railcare into the Knorr-Bremse family of companies based here in the UK.

"My team and I in the UK and the Executive Board of Knorr-Bremse are committed to the future success of Knorr-Bremse RailServices (UK) Limited. We see Knorr-Bremse RailServices operations developing and expanding in the future in what we view as a dynamic area of rail operations with much potential.

"Railcare currently has many skilled and experienced individuals working at both its sites, in vehicle overhaul and repair but also in specialist incident repair and logistics. We believe that with the support of Knorr-Bremse, both in terms of solid financial investment and in process and management experience and support, we will, together with the existing team, be able to create a strong, new company.

"Our vision for Knorr-Bremse RailServices (UK) Limited is to create a company which supports customers in keeping their trains running through offering them an outstanding range of quality train maintenance and repair specialist services going forward.^
Logged

Coffee Shop Admin, Acting Chair of Melksham Rail User Group, Option 24/7 Melksham Rep
didcotdean
Transport Scholar
Hero Member
******
Posts: 1424


View Profile
« Reply #7 on: September 02, 2013, 15:11:55 »

Some other reports have indicated that as part of the deal Knorr-Bremse paid the missing July salaries.
Logged
grahame
Administrator
Hero Member
*****
Posts: 40690



View Profile WWW Email
« Reply #8 on: August 06, 2018, 15:32:21 »

Five years ago, the previous posts in this thread reported that Knorr Bremse had purchased Railcare, with operations in Wolverton and Springburn.   

From The Railway Gazette, they are now selling them on:

Quote
Knorr-Bremse to sell UK (United Kingdom) rail services businesses

UK: Knorr-Bremse has signed an agreement to sell its Knorr-Bremse RailServices (UK) Ltd rolling stock maintenance and overhaul businesses and consultancy and project management company Kiepe Electric Ltd (UK) to Mutares. The transaction is expected to close by autumn 2018.

The sale announced on August 6 will be the first UK transaction for München-based holding company Mutares, which specialises in acquiring divisions that are no longer part of the core business of a larger corporation but which it believes have an established business model and potential for development.

The deal includes the Knorr-Bremse RailServices workshops in Wolverton and Springburn which have around 600 staff, as well as the Kiepe Electric facilities in Birmingham with around 100 employees.

Knorr-Bremse will retain the Knorr-Bremse Rail Systems components and aftermarket business.

The businesses being sold will be renamed, and commercial collaboration agreements would make them the preferred integration and installation partners for Knorr-Bremse, offering continuity for customers and ‘a seamless transition period for employees and suppliers’, the companies said.

‘We are continuing our ongoing efforts to realign our strategic focus on core competencies as a key supplier for the railway industry, offering subsystems, components and all related services’, said Klaus Deller, Chairman of the executive board of Knorr-Bremse AG. ‘We are very pleased to have come to an agreement with Mutares, an agreement that will create significant added value for the divested businesses.’

RailServices and Kiepe Electric Ltd ‘hold a unique market position in the UK, providing excellent expert services and know-how for the railway industry’, said Mutares CEO (Chief Executive Officer) Robin Laik. ‘Both companies have strong growth potential and are an ideal match for our ongoing operations.’

Knorr Bremse remain a major employer (here) in Melksham, and may (I'm not sure of the implications of the above) also be retaining elements at the Glasgow and Milton Keynes sites.
Logged

Coffee Shop Admin, Acting Chair of Melksham Rail User Group, Option 24/7 Melksham Rep
grahame
Administrator
Hero Member
*****
Posts: 40690



View Profile WWW Email
« Reply #9 on: August 19, 2018, 13:13:48 »

Knorr Bremse remain a major employer (here) in Melksham, and may (I'm not sure of the implications of the above) also be retaining elements at the Glasgow and Milton Keynes sites.

Better information suggests that Knorr Bremse remain in Melksham, Corsham and Burton-on-Trent, with no interests remaining at either Springburn or Wolverton.
Logged

Coffee Shop Admin, Acting Chair of Melksham Rail User Group, Option 24/7 Melksham Rep
Do you have something you would like to add to this thread, or would you like to raise a new question at the Coffee Shop? Please [register] (it is free) if you have not done so before, or login (at the top of this page) if you already have an account - we would love to read what you have to say!

You can find out more about how this forum works [here] - that will link you to a copy of the forum agreement that you can read before you join, and tell you very much more about how we operate. We are an independent forum, provided and run by customers of Great Western Railway, for customers of Great Western Railway and we welcome railway professionals as members too, in either a personal or official capacity. Views expressed in posts are not necessarily the views of the operators of the forum.

As well as posting messages onto existing threads, and starting new subjects, members can communicate with each other through personal messages if they wish. And once members have made a certain number of posts, they will automatically be admitted to the "frequent posters club", where subjects not-for-public-domain are discussed; anything from the occasional rant to meetups we may be having ...

 
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.2 | SMF © 2006-2007, Simple Machines LLC Valid XHTML 1.0! Valid CSS!
This forum is provided by customers of Great Western Railway (formerly First Great Western), and the views expressed are those of the individual posters concerned. Visit www.gwr.com for the official Great Western Railway website. Please contact the administrators of this site if you feel that the content provided by one of our posters contravenes our posting rules (email link to report). Forum hosted by Well House Consultants

Jump to top of pageJump to Forum Home Page