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Knorr-Bremse invests with Eversheds Sutherland in Israeli technology start-up RailVision

  • Germany

    27-03-2019

    Knorr-Bremse, the global market leader for braking systems and a leading supplier of other rail and commercial vehicle subsystems, takes a further step on its way to support systems for automated driving in the railway sector by acquiring a 21.3% share in the Israeli start-up RailVision. An Eversheds Sutherland team advised Knorr-Bremse on this strategic investment.

    RailVision provides obstacle detection technology for rail vehicles based on infrared and video which is a crucial technology for realizing automated driving functions. With this transaction, Knorr-Bremse pursues its objective of offering highly integrated support systems in the field of automated driving to its railway customers.

    Founded in 2014 in Tel Aviv, Israel, RailVision is a leading provider of cutting-edge cognitive vision sensor technology and safety systems for the railway industry. The start-up has long experience in artificial intelligence, optical sensors and deep learning with patent application to protect their IP. RailVision’s solutions offer detection and classification of objects or obstacles, rail path recognition, distance measurement and opportunity infrastructure condition monitoring.

    Knorr-Bremse is the global market leader for braking systems and a leading supplier of other safety-critical rail and commercial vehicle subsystems. With approximately 29,000 employees at over 100 sites in more than 30 countries Knorr-Bremse is one of Germany’s most successful industrial companies.

    An inhouse team, led by Ilkin Karakaya (General Counsel), consisting of Christian Vornehm (Head of Service Line Legal M&A/Antitrust) and Janine Lanfermann (Service Line Legal M&A/Antitrust) advised Knorr-Bremse on the investment in RailVision.

    Dr. Matthias Heisse, Managing Partner Germany, commented:

    “We are delighted to advise Knorr-Bremse with a German-Israeli team on this strategically important investment in RailVision and to help our client taking a further step on its way to support systems for automated driving in the railway sector.”

    The Eversheds Sutherland team led by Dr. Matthias Heisse (Partner, corporate/M&A) consisted of Martin Bechtold (Partner, antitrust) and Dr. Danguole Hackel, LL. M. (Counsel, corporate/M&A, all Munich). Herzog Fox & Newman, Tel Aviv, advised on Israeli law.

    Dr. Matthias Heisse, Partner
    Dr. Danguole Hackel, LL.M., Counsel

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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