Knorr-Bremse signs agreement to sell its Merak business
posted on 3rd Aug 2026 08:16
On 28 July 2026, Knorr-Bremse signed an agreement with OpenGate Capital to sell its global HVAC business unit, Merak, headquartered in Getafe, near Madrid. "With this transaction, Knorr-Bremse is sharpening its portfolio as part of its BOOST strategy program and consistently focusing on core technological competencies, profitable growth, and sustainable economic success. Merak is expected to generate revenue of approximately 360 million EUR for the 2026 fiscal year. The transaction is expected to have a positive impact on the operating EBIT margin of Knorr-Bremse Rail and, consequently, the Group."
The transaction involves OpenGate Capital acquiring all of Merak’s business activities and its approximately 1,500 employees, who are primarily located in Europe, North America, China, and Australia. The closing of the transaction is subject to customary closing conditions and regulatory approvals and is expected by the end of calendar year 2026.
