Knorr-Bremse sells loss-making Powertech business unit to realign portfolio
By Jim Gibbins - 1st October 2019
Germany - Knorr-Bremse GmbH, global braking systems provider and supplier of other subsystems for rail and commercial vehicles has signed an agreement to sell its Powertech1 business unit (which manufacturers power supply systems) to Munich-based Radial Capital Partners (RCP).
Dr Jürgen Wilder, Member of the Knorr-Bremse Executive Board and responsible for the Rail Vehicle Systems division, said: “Within the framework of the ongoing alignment of our business activities with our core competencies as a key supplier of subsystems, components and services for the rail vehicle industry, we have decided to sell the Powertech business unit. As it turns out, there are fewer synergies between the business unit and the other activities of Knorr-Bremse than originally expected. In RCP we have found the ideal owner to focus Powertech on its own core business and attain its full potential outside the Group.”
