Baker McKenzie and Garrigues instructed on Knorr-Bremse’s acquisition of Icer Rail

German railway brake system manufactuer Knorr-Bremse was advised by Baker McKenzie on its acquisition of a 50 per cent stake in Spain’s Icer Rail.


The stake was sold by Berkelium Group, which instructed Garrigues on the deal.

The transaction was valued at €29 million, according to Mergermarket data.

Pamplona-headquartered Icer Rail manufactures brake blocks.

Ben Cook