Knorr-Bremse sells GT Emissions Systems to UK equity fund
On 5 August, Knorr-Bremse announced the sale of its subsidiary, GT Emissions Systems, to Rcapital Partners, a UK-based private equity fund. GT Emissions Systems, located in Peterlee, County Durham, is a leading supplier of emission control systems for diesel engines used in both on-highway commercial vehicles and off-highway vehicles. The transaction is anticipated to close in the fourth quarter of this year.
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