▪ Swiss tech company Nexxiot, in which Knorr-Bremse holds a significant stake, is  positioning itself for future success by systematically focusing on long-term plans  for growth 

▪ Following a unanimous decision by Nexxiot’s Supervisory Board, Dr. Maximilian  Eichhorn is Nexxiot’s new CEO 

Swiss asset intelligence firm Nexxiot, in which Knorr Bremse is the largest shareholder, is making changes to its top management team. By  resolution of the company’s Supervisory Board, Maximilian Eichhorn – previously Vice  President Digital Products and Services at Knorr-Bremse Rail Vehicle Systems – has been  appointed Nexxiot’s new CEO. 

A seasoned rail and digital expert, Maximilian Eichhorn has a number of priorities, including  optimization of the company’s performance, further development of its corporate culture, and  intensified focus on customers in the rail and maritime industries. Other priorities include  working closely with Knorr-Bremse on the development of market-ready digital solutions  aimed at the rail sector, and expanding Nexxiot’s business in smart technologies for maritime freight and container logistics. 

Dr. Nicolas Lange, Member of the Executive Board of Knorr-Bremse AG with global  responsibility for the Rail division, commented: “As part of our growth strategy, Knorr-Bremse  aims to make the most of opportunities to further expand our rail business in all areas of  activity. We believe digital innovations in particular, such as the data and cloud solutions 

proposed by Nexxiot, have enormous potential. This is why, as the largest shareholder, we  support Nexxiot’s ongoing strategic development and the associated personnel and  organizational changes. By making these changes, Nexxiot is investing in its development  expertise and business success, and in growing as close as possible to its customers. At the  same time, they also represent an important, logical step in Nexxiot’s plans for future growth.” 

Dr. Maximilian Eichhorn, Nexxiot’s new CEO, responded: “Nexxiot has a clear vision – to  make international freight transportation by rail and sea safer, cleaner and more efficient by  means of intelligent technology. At the same time, Nexxiot has reached a key phase in its development; the decisions we take now will determine the company’s future. As the new  CEO, I would like to thank the Supervisory Board for the trust they have placed in me.  Together with the great team at Nexxiot, I look forward to tackling the challenges that lie ahead. Among other things, we aim to strengthen our relationships with our customers in the  global rail and maritime industries by building strong, long-term partnerships. We also aim to drive forward the development of our high-quality products, further improve our culture of  collaboration, and enhance our performance by focusing on sustainable measures.” 

In spring 2022, Knorr-Bremse acquired a strategic stake in Nexxiot. Since then, the company  has become Nexxiot’s largest shareholder. At the time of the initial investment, the two  companies signed a comprehensive cooperation agreement covering the development of  intelligent, connected solutions for the rail industry; this close collaboration has already  enabled the partners to achieve groundbreaking milestones. Among other things, the two  companies have presented a smart suite of products for digital trains that will enable rail

operators to optimize their vehicle utilization, fleet operations and maintenance by taking  advantage of intelligent data insights. In turn, this will boost train availability and reliability.  Nexxiot employs around 120 people worldwide, most of whom work in Switzerland, the USA  and the Nordic countries.  

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