Deloitte acted as exclusive financial advisor to Knorr-Bremse on the sale of G.T. Emissions Systems to Rcapital Partners

The Deloitte team led by Götz Grundmann and Xaver Schießl acted as exclusive financial advisor and factbook provider to Knorr-Bremse AG („Knorr-Bremse“) on the sale of its subsidiary G.T. Emissions Systems Limited („GT“ or “the Company”), a leading supplier of emission control systems for diesel engines in on-highway commercial vehicles and off-highway vehicles, to Rcapital Partners, a private equity fund based in the United Kingdom. Deloitte provided a wide range of services, including M&A Advisory (Götz Grundmann, Jan Morawietz, Barbara Hofius, Konstantin Pallis) and Transaction Services (Xaver Schießl, Thomas Rotter, Patrick Lieb, Isabel Wilhelm, Dr. Julian Schneider).

About the transaction

With the sale of GT, Knorr-Bremse is actively advancing its portfolio optimization with a clear focus on strategic fit. By selling GT to Rcapital Partners, Knorr-Bremse has found a buyer capable of excellently developing and fully leveraging GT’s potential. Closing of the transaction is expected for the fourth quarter of 2024.

Deloitte demonstrated strong execution expertise throughout the entire transaction process. The Deloitte Corporate Finance Advisory team supported Knorr-Bremse by setting up a structured, international sales process. Deloitte’s deep industry expertise and fully integrated service portfolio ensured a smooth, efficient, and successful transaction throughout the entire process.

About the client

Knorr-Bremse AG, listed in Frankfurt am Main, Germany, is the global market and technology leader for braking systems and a leading supplier of other rail and commercial vehicle systems. Knorr-Bremse’s products make a decisive contribution to greater safety and energy efficiency on rail tracks and roads around the world. 33,000 employees at over 100 locations in approximately 30 countries develop and produce innovative solutions and services that meet highest technological standards. Knorr-Bremse is one of Germany’s most successful industrial companies.

GT today has a workforce of around 225 employees and is headquartered in Peterlee, United Kingdom. The global Engine Air portfolio of GT comprises exhaust throttle and exhaust gas recirculation valves, among other. The Company supplies leading OEMs with emission control systems for diesel engines in on- and off-highway vehicles.

About Deloitte – Corporate Finance Advisory

As leading independent M&A advisors, we provide M&A deal execution and financial advisory services to large and mid-market corporations as well as to private equity firms globally. We offer financial advice and insight at every stage of a transaction – from consideration of strategic options to transaction execution, be it an IPO, acquisition, or divestment, restructuring or fast track disposal. We pride ourselves in our independent advice to our clients.

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