Knorr-Bremse Acquires U.K.’s GT Group

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.”