German company Knorr-Bremse has agreed to acquire Switzerland-headquartered railway electronics provider Duagon Group for about €500m ($586m). Through this acquisition, Knorr-Bremse aims to expand its business in electronic and software solutions for rail vehicles. It expects to add capabilities relevant to braking and entrance systems. A purchase agreement has been signed between Knorr-Bremse and DBAG Fund VII, a private equity fund advised by Deutsche Beteiligungs (DBAG). The agreed purchase price als ...