Knorr-Bremse will retain 15% equity in the company, and has committed to remaining a “strategic partner.” Ultimately, the sale falls under Knorr-Bremse’s Boost program, “a strategic initiative aimed at fostering sustainable and profitable growth through various strategic actions.” One of those actions is streamlining business operations by concentrating on core competencies.
A new overhead wire system in the Italian city of Pescara is to charge battery-powered buses equipped with In Motion Charging (IMC) technology from Kiepe Electric GmbH of Dusseldorf, Germany, a subsidiary of Knorr-Bremse AG of Munich.