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January 20, 2025
Knorr-Bremse has completed the sale to Rcapital Partners and streamlined 60% of its portfolio ahead of schedule.
Date: January 29, 2025Munich, Germany- Knorr-Bremse AG., a supplier of braking systems for rail and commercial vehicle systems, has completed the sale of its subsidiary GT Emissions Systems Limited to Rcapital Partners LLP, 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.
Mr. Bernd Spies, member of the Knorr-Bremse AG Executive Board and responsible for the Commercial Vehicle Systems division, said, “With the sale of GT Emissions Systems, we have now achieved another important milestone, and the company will be able to focus clearly on its own strengths and business under the new ownership of Rcapital Partners. At the same time, we are increasing our performance with a clear focus on ‘strategic fit’ and aligning Knorr-Bremse even more consistently towards profitability.”
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.