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Knorr-Bremse stops pursuing the acquisition of a shareholdering in HELLA

July 07, 2021

Today, the Executive Board of Knorr-Bremse AG decided to stop pursuing a potential acquisition of a majority stake in HELLA GmbH & Co. KGaA. Following careful analysis, the Executive Board determined that the possible transfer of key technologies and products to its own product portfolio would not result in the realization of the expected synergies.

The Executive Board of Knorr-Bremse AG is continuously evaluating strategic options for the further development of the Group. The primary focus remains organic growth and the Company continues to explore opportunities to increase the value of the Company through acquisitions or partnerships.

"We have always considered opportunities for value-enhancing transactions with leading international companies, which is why we looked at HELLA. However, we did not see the necessary synergies in the potential transfer of competencies, particularly in the commercial vehicle sector.

As a result, we determined that this acquisition would not create sufficient additional value for our shareholders," said Jan Mrosik, CEO of Knorr-Bremse AG. "Knorr-Bremse has a clear strategy based on profitable growth and a resilient business model. We will continue on our path of sustainable growth as a successful leading system supplier in the future."

 

Bucsai Edina

Tel: +36 76 511 738
Mobil: +36 30 428 5115
e-Mail: edina.bucsai@knorr-bremse.com

Knorr-Bremse Fékrendszerek Kft.
Knorr-Bremse TruckServices
H-6000 Kecskemét, Georg Knorr u. 8.
Hungary

Kovács Beatrix

Tel: +36 1 2894 109
Mobil: +36 30 190 9710
e-Mail: beatrix.kovacs@knorr-bremse.com

Knorr-Bremse Vasúti Jármű Rendszerek Hungária Kft.
Knorr-Bremse Rail Vehicle Systems Budapest
H-1238 Budapest, Helsinki út 105.
Hungary

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