FX.co ★ Knorr-Bremse Announces Disposal Of GT Emissions System - Quick Facts

Knorr-Bremse has announced the sale of its subsidiary, GT Emissions Systems, to Rcapital Partners, a private equity firm based in the UK. GT Emissions Systems, located in Peterlee, UK, specializes in emission control systems for diesel engines used in both on-highway commercial vehicles and off-highway vehicles.

Bernd Spies, a member of the Knorr-Bremse AG Executive Board and head of the Commercial Vehicle Systems division, remarked, "The sale of our GT Emissions Systems subsidiary is a critical step in optimizing our truck division's portfolio. Moving forward, we will focus even more on our core competencies."