Knorr-Bremse Acquires U.K.’s GT Group

20 June 2016

In an effort to reinforce its competitive position in the engine air management sector, Germany’s Knorr-Bremse announced it acquire the GT Group, Peterlee, U.K. The companies have agreed not to disclose the purchase price, Knorr-Bremse said, and the acquisition is subject to approval by anti-trust authorities.

GT Group’s core business is the development and manufacturing of EGR valves and exhaust brakes for diesel engines used in the commercial vehicle sector. The owner-managed company with around 250 employees operates four locations in the Peterlee area.

“The strategic fit of GT Group to Knorr-Bremse and the strong position of our combined businesses will enable us to meet the needs of our worldwide customers regarding the emission-compliant operation of diesel engines even more comprehensively,” said Dr. Peter Laier,  member of the executive board of Knorr-Bremse AG, responsible for the Commercial Vehicle Systems Division. “We access in-depth know-how in new technologies as GT’s mechatronic exhaust valves complement Knorr-Bremse’s existing product portfolio in Asia.

“Therefore we are planning a close engineering collaboration especially between GT Emissions Systems and our subsidiaries in Japan and China. Together with the GT Group we are aiming to grow in new regions and strengthen our market position in Europe and North America.”

STAY CONNECTED



Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

POWER SOURCING GUIDE

The trusted reference and buyer’s guide for 83 years

The original “desktop search engine,” guiding nearly 10,000 users in more than 90 countries it is the primary reference for specifications and details on all the components that go into engine systems.

Visit Now

CONNECT WITH THE TEAM
Becky Schultz Vice President of Content Tel: +1 480 408 9774 E-mail: [email protected]
Julian Buckley Editor Tel: +44 (0) 1892 784088 E-mail: [email protected]
Chad Elmore Managing Editor Tel: +1 262 754 4114 E-mail: [email protected]
Josh Kunz Power Progress Brand Manager Tel: +1 414 379 2672 E-mail: [email protected]
Roberta Prandi Power Progress International Brand Manager Tel: +39 334 6538183 E-mail: [email protected]
CONNECT WITH SOCIAL MEDIA