Knorr-Bremse acquires majority stake in Jaltest owner28 June 2022

Braking systems and commercial vehicle systems supplier Knorr-Bremse said it has paid ‘around EUR200 million’ for a controlling 55% stake in Spanish company Cojali S.L.

The company, which had 2021 sales of EUR 77.6m, is a developer of multi-brand traditional and remote diagnostics systems for commercial and other vehicle types, including Jaltest Diagnostics. The transaction will require approval by the relevant antitrust authorities.

As part of their relationship, Knorr-Bremse and Cojali say they will work intensively on expanding their range of remote diagnostics (including condition monitoring) and predictive maintenance solutions with the aim of further enhancing the availability of their customers’ vehicle fleets.

Bernd Spies, member of the executive board of Knorr-Bremse AG and responsible for the Commercial Vehicle Systems division, said: “By acquiring a stake in Cojali, we’re strengthening our position as a systems partner for our customers in the global growth market of digital, connected solutions. The proportion of mechatronic components per vehicle is growing with astonishing speed. At the same time, drivers on the road are supported by more and more digital services. Every vehicle breakdown costs money. This is why a combination of accurate stationary diagnostics in the workshop, coupled with smart remote vehicle diagnostics (including condition monitoring), helps our customers manage their fleets more efficiently over the long term. Not only are we strengthening our existing aftermarket business by investing in a commercial vehicle-specific software solution that will open up new business opportunities for us in the fields of big data and predictive maintenance based on big data – we’re also continuing our successful growth based on the digitalisation megatrend. I’m very much looking forward to working with the Cojali team.”

Author
Transport Engineer

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