Knorr-Bremse successfully completes sale of GT Emissions Systems
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EQS-News: Knorr-Bremse Aktiengesellschaft
/ Key word(s): Disposal/Disposal
Knorr-Bremse successfully completes sale of GT Emissions Systems
Munich, 22 January 2025 – Knorr-Bremse, global market leader for braking systems and a leading supplier of other rail and commercial vehicle systems, has completed the sale of its subsidiary GT Emissions Systems to Rcapital Partners, a private equity fund from the UK. GT Emissions Systems, based in Peterlee, Great Britain, is a leading supplier of emission control systems for diesel engines in on-highway commercial vehicles and off-highway vehicles. The transaction succeeded with the closing on 22 January 2025. With this sale, Knorr-Bremse is actively advancing its portfolio optimization with a clear focus on strategic fit and performance.
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. The annual revenue of GT Emissions Systems amounts to around EUR 70 million. With the sale of GT Emissions Systems, Knorr-Bremse has already successfully sold four investments under its BOOST 2026 program within the span of 12 months. Overall, Knorr-Bremse is working on a large number of strategic initiatives and measures for safeguarding lasting, profitable growth over the coming years.
Media contact: 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
About Knorr-Bremse 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. More than 32,000 employees at over 100 locations in 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.
22.01.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
| Language: | English |
| Company: | Knorr-Bremse Aktiengesellschaft |
| Moosacher Str. 80 | |
| 80809 Munich | |
| Germany | |
| Phone: | +49 89 3547 0 |
| E-mail: | investor.relations@knorr-bremse.com |
| Internet: | https://ir.knorr-bremse.com |
| ISIN: | DE000KBX1006 |
| WKN: | KBX100 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange (Vienna MTF) |
| EQS News ID: | 2072777 |
| End of News | EQS News Service |
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2072777 22.01.2025 CET/CEST
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