on Knorr-Bremse Aktiengesellschaft (isin : DE000KBX1006)
Knorr-Bremse Aktiengesellschaft: Knorr-Bremse Sells GT Emissions Systems
Munich, August 5, 2024 – Knorr-Bremse has announced the sale of its subsidiary GT Emissions Systems to Rcapital Partners, a UK-based private equity fund. GT Emissions Systems is a key supplier of emission control systems for diesel engines in commercial and off-highway vehicles. The transaction is expected to close in the fourth quarter.
This sale is part of Knorr-Bremse's strategy to optimize its portfolio, focusing on core competencies. According to Bernd Spies, Executive Board member, this move will allow Knorr-Bremse to concentrate more on its truck division core strengths.
GT Emissions Systems' global portfolio includes exhaust throttle and exhaust gas recirculation valves. The company generated approximately €70 million in sales for the fiscal year 2023. This sale aligns with Knorr-Bremse's BOOST 2026 program, aimed at profitable growth.
R. E.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Knorr-Bremse Aktiengesellschaft news