Knorr-Bremse Sells R.H. Sheppard Co., Inc. and Adjusts Receivables

Knorr-Bremse has sold R.H. Sheppard Co., Inc. to Balmoral RHS Acquisition Corp., marking a significant step in its portfolio optimization strategy. This aligns with their BOOST 2026 initiative, aiming to improve profitability by focusing on key competencies. The sale contributes to Knorr-Bremse's goal of achieving €700 million in planned program volume, having already reached approximately €400 million.

Following this divestment, Knorr-Bremse's North American subsidiary, Bendix, will further concentrate on braking systems, vehicle dynamics, and innovative driver assistance technologies. Despite the transaction's non-cash net loss of €60 million, Knorr-Bremse maintains a positive outlook on operational performance and plans to propose a stable dividend for the 2024 fiscal year.