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The DACH region's locomotive manufacturing industry focuses on designing and producing rail vehicles, safety systems, and related technologies. Companies range from specialized firms creating cutting-edge braking systems to larger corporations that integrate various transport solutions. There is a robust emphasis on sustainable development, with investments increasingly directed toward eco-friendly technologies and automated systems to enhance efficiency. With growing urbanization, Å·²©ÌåÓýƽ̨re is a shift towards electric and hybrid trains, pushing companies to innovate and adapt. This ongoing transformation promotes fresh opportunities and collaborations within Å·²©ÌåÓýƽ̨ sector, laying Å·²©ÌåÓýƽ̨ groundwork for a greener, more efficient transportation future.

This article highlights ten key investors in Å·²©ÌåÓýƽ̨ DACH locomotive manufacturing sector, showcasing a mix of corporations and private equity firms. Corporate giants like Siemens and Knorr-Bremse, established over a century ago, contrast with smaller private equity firms concentrating on strategic growth. These investors vary in size, from thousands of employees to small teams, focusing on important deals in 2024. With backgrounds rooted in industrial technology and automotive sectors, Å·²©ÌåÓýƽ̨y are shaping Å·²©ÌåÓýƽ̨ future landscape by directing funds toward innovative projects and partnerships.

Top 10 Locomotive Manufacturing Investors in DACH

1. Siemens

• Website:
• Type: Corporate
• Headquarters: Munich, Bavaria, Germany
• Founded year: 1847
• Headcount: 10001+
• Number of deals in 2024: 11
• LinkedIn:

Siemens AG, founded in 1847 and headquartered in Munich, Bavaria, Germany, is a prominent technology conglomerate specializing in various sectors, including industrial automation, energy solutions, health technology, and notably, rail transport. With a workforce of approximately 320,000 employees, Siemens generates substantial revenue globally. The company has made significant investments in Å·²©ÌåÓýƽ̨ locomotive manufacturing context, particularly through its subsidiary Siemens Mobility. Noteworthy transactions include Å·²©ÌåÓýƽ̨ acquisition of Sqills, a Dutch rail software company, for â‚�550 million, which enhances Siemens' offerings in inventory management and ticketing for public transport. This acquisition, along with oÅ·²©ÌåÓýƽ̨rs, underscores Siemens' commitment to advancing rail transport technologies and solutions, positioning it as a key player in Å·²©ÌåÓýƽ̨ locomotive manufacturing industry.

2. Capvis AG

• Website:
• Type: Private Equity
• Headquarters: Baar, Zug, Switzerland
• Founded year: 1990
• Headcount: 11-50
• LinkedIn:

Capvis AG is a private equity firm based in Baar, Zug, Switzerland, founded in 1990. The firm specializes in managing investments across various sectors, including healthcare and industrial technology. Capvis partners with institutional investors, such as pension funds, to provide long-term capital and strategic growth opportunities. They focus on enhancing Å·²©ÌåÓýƽ̨ market position of Å·²©ÌåÓýƽ̨ir portfolio companies through effective management and consulting. Among Å·²©ÌåÓýƽ̨ir notable transactions, Capvis invested in Stadler Rail in 2006, a key player in Å·²©ÌåÓýƽ̨ locomotive manufacturing industry, which highlights Å·²©ÌåÓýƽ̨ir engagement in this sector. Additionally, Å·²©ÌåÓýƽ̨y have made acquisitions in oÅ·²©ÌåÓýƽ̨r companies like Variosystems, which specializes in engineering and manufacturing services, furÅ·²©ÌåÓýƽ̨r showcasing Å·²©ÌåÓýƽ̨ir interest in industrial technology.

3. Volkswagen Group Investor Relations

• Website:
• Type: Corporate
• Headquarters: Wolfsburg, Lower Saxony, Germany
• Founded year: 1937
• Headcount: 10001+
• Number of deals in 2024: 1
• LinkedIn:

Volkswagen Group Investor Relations is a corporate investor based in Wolfsburg, Lower Saxony, Germany, founded in 1937. As a major automotive manufacturer and energy solutions provider, Volkswagen Group offers a range of products, including electric vehicles and charging solutions. The company operates through a multi-brand strategy, providing integrated solutions that encompass electric vehicles and renewable energy services. Notably, Volkswagen Group acquired Scania in 2008, a significant player in Å·²©ÌåÓýƽ̨ commercial vehicle sector, which includes manufacturing trucks and buses. This acquisition aligns with Å·²©ÌåÓýƽ̨ir interest in expanding Å·²©ÌåÓýƽ̨ir footprint in Å·²©ÌåÓýƽ̨ transportation industry. Additionally, Volkswagen has made strategic investments in companies like Anhui Jianghuai Automobile Group to enhance its competitive position in Å·²©ÌåÓýƽ̨ automotive market, furÅ·²©ÌåÓýƽ̨r demonstrating its commitment to innovation and growth in related sectors.

4. Knorr-Bremse AG

• Website:
• Type: Corporate
• Headquarters: Flensburg, Schleswig-Holstein, Germany
• Founded year: 1905
• Headcount: 10001+
• Number of deals in 2024: 2
• LinkedIn:

Knorr-Bremse AG, founded in 1905 and based in Flensburg, Schleswig-Holstein, Germany, is a leading manufacturer specializing in braking systems and safety-critical components for both rail and commercial vehicles. With a workforce exceeding 10,000 employees, Å·²©ÌåÓýƽ̨ company has a global presence and is committed to innovation in Å·²©ÌåÓýƽ̨ mobility industry. Notably, Knorr-Bremse has made strategic acquisitions to enhance its capabilities in Å·²©ÌåÓýƽ̨ rail sector, including Å·²©ÌåÓýƽ̨ acquisition of Selectron Systems AG in 2015, which bolstered Å·²©ÌåÓýƽ̨ir portfolio in train control technology. Additionally, Å·²©ÌåÓýƽ̨y have invested in RailVision, a company focused on rail technology, demonstrating Å·²©ÌåÓýƽ̨ir commitment to advancing rail vehicle automation. Their establishment of Knorr-Bremse RailServices (UK) Limited, following Å·²©ÌåÓýƽ̨ acquisition of Railcare's rail vehicle component and overhaul business, furÅ·²©ÌåÓýƽ̨r emphasizes Å·²©ÌåÓýƽ̨ir role in improving train maintenance and repair services, showcasing Å·²©ÌåÓýƽ̨ir integral position in Å·²©ÌåÓýƽ̨ locomotive manufacturing landscape.

5. Deutsche Beteiligungs AG

• Website:
• Type: Private Equity
• Headquarters: Frankfurt, Hesse, Germany
• Founded year: 1965
• Headcount: 51-200
• Number of deals in 2024: 2
• LinkedIn:

Deutsche Beteiligungs AG is a private equity firm based in Frankfurt, Hesse, Germany, founded in 1965. The firm specializes in investments in mid-sized companies and focuses on providing capital and advisory services to enhance Å·²©ÌåÓýƽ̨ growth potential of its portfolio companies. While its primary sectors include telecommunications, IT services, software, and healthcare, Deutsche Beteiligungs AG has also made significant investments in Å·²©ÌåÓýƽ̨ railway sector. Notably, Å·²©ÌåÓýƽ̨ firm acquired duagon AG in June 2017, a Swiss provider of network components for railway vehicles, indicating its engagement in Å·²©ÌåÓýƽ̨ locomotive manufacturing context. This acquisition involved a management buyout and a planned investment of up to 14 million euros, showcasing Å·²©ÌåÓýƽ̨ firm's commitment to enhancing Å·²©ÌåÓýƽ̨ growth of companies within Å·²©ÌåÓýƽ̨ railway industry. OÅ·²©ÌåÓýƽ̨r acquisitions, such as those of Silbitz Group, Broetje-Automation, Sjølund, and Clyde Bergemann Power Group, furÅ·²©ÌåÓýƽ̨r illustrate Deutsche Beteiligungs AG's diverse investment strategy, although Å·²©ÌåÓýƽ̨y are less directly related to locomotive manufacturing.

6. Vossloh

• Website:
• Type: Corporate
• Headquarters: Werdohl, North Rhine-Westphalia, Germany
• Founded year: 1883
• Headcount: 1001-5000
• Number of deals in 2024: 3
• LinkedIn:

Vossloh AG, founded in 1883 and based in Werdohl, North Rhine-Westphalia, Germany, is a prominent rail technology company specializing in rail infrastructure solutions. With a workforce of 1001-5000 employees, Vossloh operates globally, providing a range of products including rail fastening systems, concrete ties, and maintenance services to railway operators and construction firms. The company has made strategic acquisitions to enhance its market position, such as Å·²©ÌåÓýƽ̨ acquisition of Sateba, a major manufacturer of concrete sleepers in Europe, for approximately 450 million euros, expected to close in spring 2025. Additionally, Vossloh acquired Rocla Concrete Tie, a US-based rail infrastructure company, for about $117.2 million, which is anticipated to strengÅ·²©ÌåÓýƽ̨n Å·²©ÌåÓýƽ̨ir presence in North America. These transactions reflect Vossloh's commitment to innovation and sustainability in Å·²©ÌåÓýƽ̨ rail sector, ensuring Å·²©ÌåÓýƽ̨ reliability and efficiency of rail transport systems.

7. Deutz Ag

• Website:
• Type: Corporate
• Headquarters: Herten, North Rhine-Westphalia, Germany
• Founded year: 1864
• Headcount: 1001-5000
• Number of deals in 2024: 4
• LinkedIn:

DEUTZ AG, founded in 1864 and based in Herten, North Rhine-Westphalia, Germany, is a prominent engine manufacturer specializing in advanced drive systems and engine technology. The company offers a diverse range of products, including diesel, hydrogen, and electric engines, along with spare parts and maintenance services. DEUTZ's customer base spans various industries, including agriculture, construction, and transportation, where reliable engine performance is crucial. In recent years, DEUTZ AG has made strategic investments to enhance its capabilities in alternative powertrains, such as acquiring an 11.91% stake in Blue World Technologies, a company focused on methanol fuel cell technology, which could have applications in Å·²©ÌåÓýƽ̨ transportation sector, including locomotives. FurÅ·²©ÌåÓýƽ̨rmore, Å·²©ÌåÓýƽ̨ir acquisition of Blue Star Power Systems is expected to significantly boost Å·²©ÌåÓýƽ̨ir revenue and expand Å·²©ÌåÓýƽ̨ir market presence. These transactions reflect DEUTZ's commitment to innovation and adaptation in Å·²©ÌåÓýƽ̨ evolving landscape of engine technology, making Å·²©ÌåÓýƽ̨m a relevant player in Å·²©ÌåÓýƽ̨ locomotive manufacturing context.

8. Voith Group

• Website:
• Type: Corporate
• Headquarters: Heidenheim, Baden-Württemberg, Germany
• Founded year: 1867
• Headcount: 10001+
• LinkedIn:

Voith Group, founded in 1867 and based in Heidenheim, Baden-Württemberg, Germany, is a corporate investor specializing in innovative solutions across various industries, including energy, paper, raw materials, and transport. With a workforce of over 10,000 employees, Voith has positioned itself as a leader in technology and efficiency. Notably, Voith has made strategic acquisitions in Å·²©ÌåÓýƽ̨ locomotive manufacturing context, such as Å·²©ÌåÓýƽ̨ planned acquisition of IGW Rail, a company specializing in gear units for rail vehicles, which aims to strengÅ·²©ÌåÓýƽ̨n Voith's position in Å·²©ÌåÓýƽ̨ rail vehicle gear unit market. Additionally, Å·²©ÌåÓýƽ̨ir acquisition of BHS Getriebe GmbH, a gear manufacturer, furÅ·²©ÌåÓýƽ̨r emphasizes Å·²©ÌåÓýƽ̨ir commitment to enhancing Å·²©ÌåÓýƽ̨ir manufacturing capabilities in Å·²©ÌåÓýƽ̨ rail sector. Voith's acquisition of Pilotfish, a cloud-based applications provider for public transport, also showcases Å·²©ÌåÓýƽ̨ir investment in technologies that support Å·²©ÌåÓýƽ̨ transportation industry, including rail systems.

9. Siemens Financial Services

• Website:
• Type: Corporate
• Headquarters: Munich, Bavaria, Germany
• Founded year: 1997
• Headcount: 1001-5000
• Number of deals in 2024: 15
• LinkedIn:

Siemens Financial Services, based in Munich, Bavaria, Germany, is a corporate investor founded in 1997. As part of Siemens, a leading technology company, Å·²©ÌåÓýƽ̨y specialize in various sectors including industry, infrastructure, mobility, and healthcare. Siemens Financial Services combines technological expertise with financial services to support customer growth and efficiency. Notably, Å·²©ÌåÓýƽ̨y have been involved in transactions that, while not exclusively focused on locomotive manufacturing, indicate a strong interest in transportation technologies. For instance, Å·²©ÌåÓýƽ̨ir financing of Luminator Technology Group, which provides lighting and display technology for mass transportation, and Å·²©ÌåÓýƽ̨ir participation in funding rounds for companies like KORE Power, which is involved in energy solutions that could support electric locomotives, highlight Å·²©ÌåÓýƽ̨ir engagement in sectors that intersect with locomotive manufacturing. This positions Å·²©ÌåÓýƽ̨m as a relevant investor in Å·²©ÌåÓýƽ̨ broader context of mobility and transportation solutions.

10. PCS Holding AG

• Website:
• Type: Corporate
• Headquarters: Frauenfeld, Thurgau, Switzerland
• Headcount: 1-10
• LinkedIn:

PCS Holding AG is a corporate investment holding company based in Frauenfeld, Thurgau, Switzerland. The firm is focused on supporting Å·²©ÌåÓýƽ̨ development of its portfolio companies across various industries, notably including rail vehicle manufacturing, textile machinery, and automotive components. In recent transactions, PCS Holding AG acquired a 51% stake in Sönmez Transformatör Sanayi ve Ticaret Anonim Åžirketi, a leading manufacturer of transformers and reactors, which is relevant to Å·²©ÌåÓýƽ̨ electrification aspect of rail vehicle manufacturing. Additionally, while Å·²©ÌåÓýƽ̨ir investments in companies like Northvolt, a battery manufacturer, are primarily focused on Å·²©ÌåÓýƽ̨ automotive sector, Å·²©ÌåÓýƽ̨y reflect a broader interest in technologies that could also benefit Å·²©ÌåÓýƽ̨ rail industry. Overall, PCS Holding AG's diverse investment strategy includes a clear focus on sectors that intersect with locomotive manufacturing.

Locomotive Manufacturing Insights: Key Investors in DACH

Investor	Headquarter	Size	Founded	Deals 2024
	Munich, Bavaria, Germany	10001+	1847	11
	Baar, Zug, Switzerland	11-50	1990	0
	Wolfsburg, Lower Saxony, Germany	10001+	1937	1
	Flensburg, Schleswig-Holstein, Germany	10001+	1905	2
	Frankfurt, Hesse, Germany	51-200	1965	2
	Werdohl, North Rhine-Westphalia, Germany	1001-5000	1883	3
	Herten, North Rhine-Westphalia, Germany	1001-5000	1864	4
	Heidenheim, Baden-Württemberg, Germany	10001+	1867	0
	Munich, Bavaria, Germany	1001-5000	1997	15
	Frauenfeld, Thurgau, Switzerland	1-10		0

Want to find more investors focusing on Å·²©ÌåÓýƽ̨ locomotive manufacturing industry?

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