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Knorr-Bremse has divested its Sydac driver training simulator business for rail vehicles to the French Sogeclair group subsidiary Oktal.
The divested portfolio includes Sydac and its UK-based subsidiary and Indian business unit Sydac Simulation Technologies.
Oktal has also acquired the driver simulator business from New York Air Brake unit Train Dynamic systems.
The sale forms part of the Knorr-Bremse strategy to restructure its portfolio and concentrate on its connected onboard railway subsystems business and associated services.
“Sydac offers products that are compatible with a wide range of freight and new train models.”
Knorr-Bremse’s executive board chairman Klaus Deller said: “We are continuing to focus on our core competencies as a key supplier for the railway industry, offering subsystems and components and related services.
“Knorr-Bremse is therefore carrying out a strategic realignment and has decided to divest its holding in Sydac.”
Formed in 1988, Sydac was acquired by Knorr-Bremse in 2009 and has operated as a wholly-owned subsidiary of Knorr-Bremse Australia. Sydac is engaged in repairing and maintenance activities of existing simulators.
Under the ownership of Oktal, the company will be able to make better use of new opportunities and expand to new geographic locations.
Oktal managing director Laurent Salanqueda said: “Sydac offers products that are compatible with a wide range of freight and new train models.
“It also brings us geographic expansion in Asia, particularly in China and India, opening up new opportunities for the entire division.”
The post Knorr-Bremse divests Sydac driver training simulator business appeared first on Railway Technology.
This article first appeared on www.railway-technology.com
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