EQS-News: Knorr-Bremse Aktiengesellschaft: Knorr-Bremse Sells GT Emissions Systems

Knorr-Bremse Sells GT Emissions Systems

 

Munich, August 5, 2024 – Knorr-Bremse today announced the sale of its subsidiary GT Emissions Systems to Rcapital Partners, a private equity fund based in the UK. GT Emissions Systems, based in Peterlee (UK), is a leading supplier of emission control systems for diesel engines in on-highway commercial vehicles and off-highway vehicles. The transaction is expected to close in the fourth quarter.

With this sale, Knorr-Bremse is actively advancing its portfolio optimization with a clear focus on strategic fit and performance.

Bernd Spies, member of the Knorr-Bremse AG Executive Board and responsible for the Commercial Vehicle Systems division: “For us, the sale of our GT Emissions Systems subsidiary represents the next critical progression in the optimization of our truck division’s portfolio. In future, we are going to concentrate even more strongly on our core competencies. In Rcapital Partners, we have found a buyer for GT Emissions Systems capable of excellently developing and fully leveraging the company’s potential.”

The global Engine Air portfolio of GT Emissions Systems comprises exhaust throttle and exhaust gas recirculation valves, among other things. The company supplies leading manufacturers with emission control systems for diesel engines in on- and off-highway vehicles. GT Emissions Systems’ solutions make a key contribution for diesel engine manufacturers to meet the international emission standards that apply to them. GT Emissions Systems’ sales in the 2023 fiscal year came to approximately € 70 million.

The disposal of GT Emissions Systems is already Knorr-Bremse’s third successful sale of an investment this year under its BOOST 2026 (Knorr-Bremse Operational Optimization Strategy and Transformation) program. Overall, Knorr-Bremse is working on a large number of strategic initiatives and measures for safeguarding lasting, profitable growth over the coming years.

 

Knorr-Bremse (ISIN: DE000KBX1006, ticker symbol: KBX) is the global market and technology leader for braking systems and a leading supplier of other rail and commercial vehicle systems. Knorr-Bremse’s products make a decisive contribution to greater safety and energy efficiency on rail tracks and roads around the world. 33,000 employees at over 100 locations in approximately 30 countries develop and produce innovative solutions and services that meet the highest technological standards. In 2023, Knorr-Bremse’s two divisions together generated revenues of approximately € 7.9 billion. For almost 120 years, the company has been at the cutting edge of its industries, driving innovation in mobility and transportation technologies with a leading edge in connected system solutions. Knorr-Bremse is one of Germany’s most successful industrial companies and profits from the key global megatrends: urbanization, sustainability, digitalization, and mobility.

 

Media contacts:

Simon Basler | Spokesperson Truck Mobility | Knorr-Bremse AG 

T +49 89 3547 1498; E simon.basler@knorr-bremse.com

Anika Wild | Spokesperson Corporate Communications | Knorr-Bremse AG

T +49 89 3547 2470; E anika.wild@knorr-bremse.com

 

Contact Investor Relations:

Andreas Spitzauer | Head of Investor Relations | Knorr-Bremse AG

T +49 89 3547 182 310; E andreas.spitzauer@knorr-bremse.com